A few points on the January FOMC Minutes
Inflation wasn't the only thing discussed
Unless you a have the Summary of Economic Projections during a Fed Meeting, the minutes from the FOMC turns out to be quite mundane. We hear almost all that we need to hear during the Fed Chair’s press conference and the minutes don’t tend be a market moving event. Or at least, not that much.
Yesterday was no exception. There was some volatility around the release but, that quickly dissipated, and the market went on with life.
Nevertheless, I think there were some key takeaways from these minutes that we ought to pay attention to.