Daily Alert: Fed minutes stick to the dovish tone

  • Fed meeting minutes released earlier this morning reiterated the bank’s dovish tone and suggested there’s no sign of any tapering just yet.
  • With the Fed sticking to recent themes, bond market reaction was relatively limited, while movements in sharemarkets have been mixed overnight.
  • Locally, it is another quiet day on the cards with the provisional ANZ Business Confidence reading for April the main event.

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