Highlights from the FOMC Minutes
- Officials split on whether rate hike needed soon
- Voters agreed to wait for more data to gauge economy
- Officials saw low inflation risk from continued job gains
- Divided on whether job-gain pace worrisome
- Several officials concerned on financial risks from low rates
- Some Brexit medium and long-term risks from abroad
- Quick recovery in financial markets after Brexit vote reduced uncertainty
- Full text of the Minutes
There's been a quick whipsaw in markets on the headlines with the US dollar initially rallying and then quickly falling back. EUR/USD touched a session high and USD/JPY fell to a session low.
