The Fed issued the minutes from its latest meeting yesterday. The news from across the pond would appear to be that one or two further rates hikes are due, but then again, maybe not. The minutes said “Although the stance of policy seemed close to where it needed to be given the current outlook some further policy firming might be needed to keep inflation pressures contained.” But the fed added “However, all members agreed that the future path for the funds rate would depend increasingly on economic developments and could no longer be prejudged with the previous degree of confidence.”

© Investment & Business News 2013