RE: Fed Minutes a shade dovish...13 Oct 2022 02:30
Essentially, there were more Fed committee members saying - "yeah, we are still staying the course on rate rise according to the dot plot....BUT, we are not blind to that fact that this is having impacts and cracks are starting to show....however, this is expected and currently outside our mandate." Some of more savvy Fed-speak commentary is saying that this is also a cue for what they might need to consider if earnings miss significantly across the 3-Star impact US corps or Core inflation surprises by being cooler to the downside.
I must confess, i see not pivot happening as this is more an exercise in cred for Fed than anything else. There is probably a greater likelihood that other global investors start thinking they are using lagging indicators (which are all a bit wonky and disconnected to current reality) to get dictate future policy, so maybe it's time to cool off the DXY.....let's start offloading bucks. A downward run on USD would benefit BTC and things that are all ready pretty weird, might get a whole lot weirder.
Anyway, time to tune out and get some rest before tomorrow afternoon's events.