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Nov 25 - 06:55 PM

USD: FOMC Minutes Suggest No Policy Adjustments In December Meeting - CIBC

By eFXdata  —  Nov 25 - 02:40 PM

CIBC Research discusses its reaction to today's FOMC minutes for the November meeting.

"The minutes of the FOMC meeting that followed on the heels of the election and a steady policy stance statement showed that committee members recognized that circumstances could shift to warrant adjustments to the pace and composition of asset purchases in the future, but immediate adjustments were not necessary, likely precluding a change in December," CIBC notes. 

"The importance of another round of fiscal support for the economy was a key topic for discussion, as several participants expressed concern that lower-income households might need to reduce spending dramatically when savings were exhausted, given the lack of additional support," CIBC adds. 

Source:
CIBC Research/Market Commentary

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