In the News

FOMC minutes: More hikes coming soon; trade a worry

(Reuters) U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve’s last policy meeting showed on Wednesday.

JUAN PEREZ, SENIOR CURRENCY TRADER, Monex, INC., WASHINGTON:

“Apparently this is being taken as a dollar-negative even when the buck has managed to gain as a safe-haven. The notes are a mixed bag between good observations in regards to the consistency of economic indicators such as labor, GDP, and even inflation, but the geopolitical issues started to find their way into the written thoughts of officials.”

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