🔥FOMC MINUTES

⚠️ALMOST ALL FED OFFICIALS SAW RATE HIKE WARRANTED FAIRLY SOON'

FED DISCUSSED MODIFYING LANGUAGE ON FURTHER GRADUAL' HIKES

FED: IOER CHANGE MAY BE NEEDED SOON, POSSIBLY BEFORE DEC. FOMC

FED MINUTES: POLICY NOT PRESET, UPSIDES AND DOWNSIDES WEIGHED

⚠️FOMC MINUTES: STAFF SAW SLIGHTLY WEAKER GDP GROWTH OVER MEDIUM TERM, REFLECTING LOWER EQUITY PRICES

⚠️FOMC MINUTES: SEVERAL OFFICIALS WORRIED ABOUT HIGH CORPORATE DEBT, ESPECIALLY LEVERAGED LOANS

#fomcminutes #ставкасша #акциисша #ввпсша #экономикасша

🔥#FOMCMinutes

#ставкасша MANY OFFICIALS FELT FED COULD BE PATIENT ON FURTHER RATE HIKES

FED OFFICIALS SAW EXTENT, TIMING OF FUTURE HIKES AS LESS CLEAR

FED: A FEW OFFICIALS FAVORED NO RATE INCREASE AT DEC. MEETING

FED DISCUSSED RESERVES OPTIONS INCLUDING IOER, REDEMPTION PACE

#qtсша SOME FED PARTICIPANTS SAID IT WAS POSSIBLE TO SLOW PACE OF DECLINE IN RESERVES IN APPROACHING THE LONG-RUN LEVEL OF RESERVES -MINUTES

#FOMCMinutes #ставкасша #sentiment
Начинают закладываться ожидания по поводу того, что темпы повышения ставки ФРС США под вопросом из-за растущих рисков.

В последние недели цены на акции на фондовом рынке США были волатильными, что отражало уход инвесторов от рисков. По-видимому, это частично связано с неопределенностью относительно торговых переговоров между Китаем и США. Кроме того, инвесторы были обеспокоены перспективами глобального роста, неурегулированностью переговоров по Brexit и политической неопределенностью в Европе - протокол #FOMCMinues

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* Дальнейшее повышение ставок ФРС может привести к рецессии в США - глава ФРБ Сент-Луиса

* вероятность снижения ставки на мартовском заседании ФРС выросла в четыре раза

🔥🇺🇸#FOMCminutes

вышли Минутки FOMC

"Some market reports suggested that investors perceived the FOMC to be insufficiently flexible in its approach to adjusting the path for the federal funds rate or the process for balance sheet normalization" - Minutes

FED OFFICIALS SAY RECENT HOUSEHOLD DATA HAVE BEEN STRONG

FED OFFICIALS SEE STRONG LABOR MARKET, INFLATION NEAR TARGET

⚠️The build-up in overall nonfinancial business debt to levels close to historical highs relative to GDP was viewed as a factor that could amplify adverse shocks to the business sector.

⚠️FED MEMBERS NOTED TIGHTENING FINANCIAL CONDITIONS AND UNCERTAINTIES SURROUNDING THE EVOLUTION OF U.S. AND FOREIGN GOVERNMENT POLICIES IN JANUARY MEETING

⚠️Several participants also noted that the slope of the Treasury yield curve was unusually flat by historical standards, which in the past had often been associated with a deterioration in future macroeconomic performance.

❗️#qtсша #qeqt FOMC Minutes Show Fed Officials Discussed Circumstances Under Which Wind Down Of $4T Portfolio Of Bonds, Other Assets Would Slow Or Be Concluded

⚠️FED OFFICIALS NOTE BUSINESS INVESTMENT HAD MODERATED

⚠️FED OFFICIALS NOTED VOLATILITY, TIGHTER FINANCIAL CONDITIONS

#ставкасша POLICYMAKERS FAVORED PATIENT APPROACH TO OBSERVE EFFECTS OF PAST RATE HIKES. MANY FED OFFICIALS UNSURE WHAT RATE ADJUSTMENTS NEEDED THIS YR

⚠️#рынкимир #экономикамир FED OFFICIALS NOTED SOME DOWNSIDE RISKS HAD INCREASED

⚠️#рынкисша A COUPLE OF PARTICIPANTS SAID DECREASED LIQUIDITY AT THE END OF 2018 EXACERBATED MARKET MOVEMENTS

FOMC MINUTES: SOME OFFICIALS SAW LOWER OIL PRICES, SLOWER GROWTH, WEAKER INFLATION ABROAD AND STRONG DOLLAR HOLDING DOWN U.S. INFLATION THIS YEAR

ИТОГ:
1) все плохо, поэтому ФРС лучше остановиться и подождать с повышением ставки

2) обсуждают продолжать сокращать баланс ФРС или нет

🔥🇺🇸#qtсша #qeqt #FOMCminutes
почти все члены FOMC склоняются к тому, что было бы желательно анонсировать план по остановке сокращения баланса ФРС позже в 2019 г - RTRS

ALMOST ALL PARTICIPANTS THOUGHT IT WOULD BE DESIRABLE TO ANNOUNCE PLAN TO STOP REDUCING BALANCE SHEET LATER THIS YEAR