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Discount rate minutes showed two regional banks voting for hike

Discussion in 'Fundamental Analysis' started by ForexLive, Apr 12, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Fed discount rate minutes highlights: - Richmond and Kansas City voted for discount rate hike to 1.25% from 1.00% - Regional bank directors viewed growth as 'moderate' Back in Jan after the hike, all 12 regional banks voted to hold rates at 1.00% so there's a small hawkish shift but KC is no surprise because George dissented in favor of a hike. If there are 4-5 votes to hike, it's a stronger signal that the Fed is closer to hiking the Fed funds rate.

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