FOMC minutes analysed - BBH

By FXstreet.com | July 11, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes a pint within the FOMC minutes that is not very clear.



Key Quotes



"There is much discussion about a point in the FOMC minutes that suggest some interest in possibly rejigging the Fed funds rate that the Fed policy has emphasized”.



“The thought is that it could include more transactions that just Fed funds proper, such other types of loans and Eurodollars.



“The FOMC minutes make it appear that this is still a work in progress, and the Fed does not seem very close to making a decision about it."



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