By: Tom Gentile
on February 24th, 2022
What Affect did the Release of the Fed Minutes do for the Stock Market Today? The minutes from the Fed Reserve last meeting were released today.
The tone was deemed hawkish, and they said what we have been hearing from them for awhile now and that is they are prepared to raise interest rates.
The likelihood is the first of many rate hikes will come in March.
Per the minutes, they are going to work on reducing the assets on their balance sheet.
They are concerned about inflation and financial stability, but the members overall seem to show they wants a measured approach to their process.
Overall, there were no surprises found in their minutes.
Because there were no surprises from the Fed, the markets turned around and had a bullish run intra day shortly after these minutes were released.