Fed minutes shake up markets


Fed minutes shake up markets

Minutes from the ECB’s January monetary policy meeting have confirmed that fears of Trumpian dollar manipulation and currency wars keep Mario Draghi awake at night. Meanwhile, Fed officials are more concerned than investors had thought about the pace of the country’s growth. This has heightened expectations that the Fed will raise rates four times this year, one more than had been priced into markets. This shook up stocks and bonds, with the S&P 500 ending the day 0.6 percent down and ten-year Treasury yields jumping to 2.94 percent.

Read what the team at FE consider to be significant over the current week.