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Fed Officials Try To Walk Back Rate Hike Forecasts In FOMC Minutes

Wednesday, April 9, 2014 - 4:37 PM
Most participants favored providing an explicit indication in the statement that the new forward guidance, taken as a whole, did not imply a change in the Committee's policy intentions, on the grounds that such an indication could help forestall misinterpretation of the new forward guidance.

The S&P 500 has advanced to its high of the day on the news.

March FOMC Minutes - Business Insider
“There is nothing in the minutes to confirm the worries that the Fed will start raising rates six months after phasing out bond buying,” says Gary Pollack, who helps oversee $12 billion in assets as head of fixed-income trading at Deutsche Bank’s private wealth management unit.
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