WSJ Fed insider Timiraos – “Minutes Show Unease Over Premature Cuts”

The Wall Street Journal’s Nick Timiraos on the FOMC minutes published on Wednesday:

• More Federal Reserve officials signaled concern at their meeting last month with cutting interest rates too soon and allowing price pressures to grow entrenched as opposed to the risks of holding rates too high for too long.
• “Most participants noted the risks of moving too quickly to ease the stance of policy,” said the minutes of the Jan. 30-31 meeting
• Only two officials pointed to the risks “associated with maintaining an overly restrictive stance for too long.”

While the Journal is usually gated this piece appears to be accessible, more here:

• Fed Minutes Show Unease Over Premature Cuts

While at first glance the headline skews hawkish the minutes themselves were not overly so.

I’d usually post the S&P 500 chart but here is the chart for the futures (
This
snapshot from the ForexLive economic data calendar, access
it here).

They jumped on NVDA beating estimates:

• Nvidia (NVDA) earnings Q4 2023: REV. $22.1B (EST. $20.12B) EPS 5.16 (EST. 4.53)

This article was written by Eamonn Sheridan at www.forexlive.com. Source