Feds disappointed markets by the vague statement with unusual wording
Normally, the minutes of the meeting always contain a sentence stating that central bankers would like to strengthen their expectations of policy “at forthcoming meetings”. However, the Fed minutes published on Wednesday simply state that, according to various participants in the meeting, the aim is to ‘at some point’ clarify matters.
That description is rather vague,and it was not well received at the New York Stock markets on Wednesday. The main stock exchange meters went down slightly.
The COVID-19 crisis has created great economic uncertainty. In the July interest rate decision, the US Central Bank Dome promised to use all possible means to support the US economy to get through the crisis. In doing so, interest rates were left as expected.
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