Wall Street

Fed Minutes Confirm Half-Point Hike Expectations For Next Two Meetings

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ValueWalk

*Fed Minutes confirm half-point hike expectations for next two meetings, Another round of soft US data, RBNZ hikes again, Oil higher, Gold pares losses after Minutes, Bitcoin stuck below $30k – OANDA* US stocks edged higher as investors anticipate a quickly weakening economy will force the Fed into tapping the breaks with their tightening cycle. The FOMC minutes are over three weeks old, but they did give a glimmer of hope that they could adjust their policy tightening stance later in the year. The Fed mostly sees 50 basis point increases appropriate at the next couple of meetings as they are…

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