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FOMC Minutes: Dovish but (still) data-dependent Fed leaves rate hike door open

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In yesterday’s preview report, we highlighted how traders might look at today’s FOMC minutes as staler than Grandma’s cereal after the market volatility and mixed economic data we’ve seen over the last three weeks . As it turns out, Federal Reserve members has a bit of a dovish lean even back in January. Some of the key headlines from today’s FOMC minutes follow [emphasis mine]: FOMC MEMBERS AGREED DATA TOO UNCLEAR TO GAUGE RISKS TO OUTLOOK FED OFFICIALS CONTINUED TO EXPECT GRADUAL POLICY

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