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US Dollar Steadies as May FOMC Minutes Detail “Patient” Approach

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FOMC Minutes Talking Points

  • The May FOMC minutes detailed a reserved conversation among policymakers who believed that patience on rates would be appropriate for the foreseeable future.
  • Many FOMC members saw the early-2019 dip in inflation readings as “transitory.”
  • Rates markets show a small dip in 2019 rate cut odds relative to where they stood prior to the May FOMC minutes release.

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Analysis to follow…

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— Written by Christopher Vecchio, CFA, Senior Currency Strategist

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Source: dailyfx.com