The FOMC published minutes from its latest monetary policy meeting. Here are the most important headlines taken from the document:

  • Most FED officials saw tightening likely apprpriate soon
  • FOMC voters: prudent to await evidence slowdown is transitory
  • FED będzie redukował bilans w odstępach 3 miesięcznych

 Minutes confirm that a rate hike in June is almost a done deal. If everything goes as expected the central bank will raise rates on its next meeting. However, the overall tone of the document is mixed for the dollar. The most important part is that rates could go up soon, but FOMC voters would like to see a confirmation in data. That is why the dollar is a bit weaker after the publication.