The Fed just came out with minutes for the March meeting, and at first glance they are hawkish, meaning odds of further quantitative easing seem diminished.
The key headline takeaway is that Fed members saw no further need to ease unless the economy got worse. If the pace of recovery continues as it is, then the Fed has done enough.
The market is falling.
The Dow is off 95 points.
The S&P is down 0.7%.
Gold is down $23/share.
But the dollar is surging.
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