- The FOMC minutes said all the right hawkish things about the chance conditions could "soon warrant" a rate hike, but the markets are reading the overall gist of the report as no rush to make a move.
- Flat ahead of the release, the 10-year Treasury yield has turned lower by 3.2 basis points to 1.542%. TLT +0.75%, TBT -1.5%. Fed Funds futures were lower, but are now flat, still pricing in about a 50% chance of one rate hike in 2016.
- In the green prior to the minutes, the dollar (UUP, UDN) is now down 0.25%.
- Gold (NYSEARCA:GLD) has recouped some of its earlier losses, now down 0.1% to $1,354 per ounce.