It’s all painstakingly slow at the Federal Reserve in terms of the assessment of improvement in the economy. If you’re looking for bearish ammunition in the minutes, there is not much fodder to get your teeth into.
So much stuff, so little time. If there is anything good that came from all the distress in the world, Janet Yellen came to the conclusion the Fed can be patient when it comes to raising interest rates.
The yen touched the lowest level in a week against the dollar after the Bank of Japan maintained unprecedented monetary stimulus as the U.S. Federal Reserve moved toward raising borrowing costs for the first time since 2006.
Speaking of the future and life’s lessons, there is an ongoing process of discovery taking place amongst the world’s central bankers which they hope will rejuvenate their respective economies without creating the inflationary horror of the 1970s.