View on FOMC Meeting Minutes By Heena Naik, Angel Broking Ltd
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Below are Views On FOMC Meeting Minutes by Heena Naik, Research Analyst - Currency, Angel Broking Ltd
FOMC Meeting Minutes
Following are some of the highlights from the recent FOMC Meeting Minutes.
- Fed officials talked about reducing asset purchases but also expressed the need for patience.
- Minutes reiterated the Fed’s view that while inflation has been rising faster than they expect, they see the current trend as transitory.
- Some members noted the faster progress of the economic recovery however conditions have not met the “substantial further progress” benchmark to start tightening policy.
- The update failed to impress markets as the indecision over the Fed’s future actions remained on the table amid a light calendar in Asia.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
