Daily Alert: FOMC Minutes keep focus on the inflation fight

  • The FOMC Minutes kept the focus on fighting inflation and signalled the intent to quickly move the Fed funds rate into restrictive levels to do so
  • Across the pond, BOE policymaker comments were also understandable hawkish given that the UK economy is currently grappling with 9% inflation
  • Global equities were generally firmer overnight with gains in US Treasury yields and the USD

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