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FOMC Minutes Takeaway

FED

TD Securities analysts said Fed is "in no rush to taper or tighten. That was our broad takeaway from the chairman's press briefing and the post-meeting statement three weeks ago, and it is still our takeaway after seeing the minutes."

  • Most Fed officials are starting from the point of believing that the economy is "far from" the maximum employment and 2% inflation goals, and they will need to be convinced that any strengthening in inflation is more than just a temporary rise.

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