Dollar Jumps, Stocks & Gold Drop After 'Hawkish' Fed Minutes
Zero Hedge -

The Dollar Index has spiked, erasing the early losses, after markets interpreted The Fed Minutes in a hawkish manner.

As Bloomberg reports, the initial read is the minutes lean a bit hawkish. A number of participants on the committee were looking for a slightly steeper rate-hike path. There was a strong sense that fiscal stimulus was going to boost growth and a strong consensus on inflation moving up toward target. The lack of much market reaction would seem to be because much of this was...

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