HALISTER1: U.S. ECO PREVIEW: FOMC Minutes Due in 5 Minutes

U.S. ECO PREVIEW: FOMC Minutes Due in 5 Minutes

(Bloomberg) -- Minutes cover Dec. 13-14 meeting of Federal Open Market Committee, when central bank tightened for first time in a year.
  • FOMC holds first 2017 meeting Jan. 31 and Feb. 1
  • Futures trading suggests ~12% probability of further action at next session; June meeting seen as most likely for further tightening
  • “Headwinds, including dollar appreciation and an increase in market-determined interest rates, will do some of the heavy lifting for policy makers -- ultimately enabling them to hike just twice in 2017": Bloomberg Intelligence
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Source: BFW (Bloomberg First Word)

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