The latest Federal Reserve minutes are expected to be released this afternoon, and later this month the FOMC will meet again. The expectation is that Fed Chair Janet Yellen and company will officially taper the last of QE into oblivion and, in all likelihood, keep language in place that suggests no rate hike is on the immediate horizon.
Philadelphia Fed President Charles Plosser and Dallas Fed President Richard Fisher have, in particular, voiced opposition to Chair Yellen’s apparent plan to leave rates unchanged.
Fed Chair Janet Yellen may have a harder road ahead of her than last week’s jobs report suggests.
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