Today’s Fed Minutes

Here are the minutes from the last Fed meeting. This is when the Fed appeared to pivot from its previous aggressive stance.

The attention seems to be on the size of the Fed’s gigantic balance sheet. This is the key part: “Almost all participants thought that it would be desirable to announce before too long a plan to stop reducing the Federal Reserve’s asset holdings later this year. Such an announcement would provide more certainty about the process for completing the normalization of the size of the Federal Reserve’s balance sheet.”

I think this supports the notion that the Fed will leave rates alone for much of this year.

Posted by on February 20th, 2019 at 2:14 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.