As ALWAYS, "Beware the knee-jerk reaction" which applies to anything F_E_D related and more broadly central bank related (across the world), but specifically F_E_D on big events like F_O_M_C or the minutes.
The initial move is the knee jerk, it's impressive, but typically reversed between several hours and a couple of days.
Just my standard F_E_D event boilerplate.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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