The Federal Reserve released the minutes from the April FOMC meeting today. Most people are reading them to mean that a June interest rate hike is off the table.
Here are some other thoughts on what the minutes mean for markets, culled from Twitter:
Shorter FOMC minutes: Fed officials realise they have no idea what is going on in the economy.
— Tim Duy (@TimDuy) May 20, 2015
Being data dependent is hard when the data isn’t clear.
— Ylan Q. Mui (@ylanmui) May 20, 2015
Maybe the next fed chair will raise rates
— Betty (@I_BlackBetty_I) May 20, 2015
When the Fed will hike rates is still anyone’s guess.