We published the FOMC Meeting Minutes in this post.
We check now the market reaction. This is what Bloomberg said.
China and Hong Kong went down.
“The Shanghai Composite Index was on track for its biggest slide since December. Investors in Chinese equities have been rattled in recent weeks by a bond market rout and concerns the government is trying to rein in gains in surging stocks.” Source
USD collapsed too.
“The Bloomberg dollar spot index fell to the lowest level since October on Wednesday and Treasuries added to gains, pushing the 10-year yield to 2.32 percent.” Source
The reason? – Fed policy makers are concerned about soft inflation
FOMC Meeting Minutes showed that we will need to wait for the next rate hike.
“Fed meeting minutes showed several policy makers were concerned about soft inflation, though many still saw a “near term” rate hike as warranted. Equities remain on track to close out the year near all-time highs with investors in the stock market optimistic about global growth and company earnings.” Source
Some other events
- We will check the Minutes from the European Central Bank’s October meeting.
- New Zealand and South Korea will released consumer confidence data.