Research
The April Minutes Ratify the Book
The April FOMC minutes released today are not a forecasting document. They are a record of what the Committee considered, what it nearly wrote, and what it ultimately published. The published statement carries an easing bias. The minutes show a majority of participants would have preferred to remove that language.
The H-word: appropriate, in the minutes.
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| ✓2 data tables: the fact rows, scenario maps and scorecards the argument stands on. |
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| Every published desk call is dated before the print and scored after it, misses included. Inspect the record before you pay for it → |
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