Did we learn anything today upon the release of the latest FOMC Minutes ??
1) We learned that they were thinking June in April, although there was only one dissent, and no mention made in the April statement that June was this seriously on the table. (Sentient people already knew that though)
2) There is a clear lack of concern over global economic, and financial conditions. Are they worried about China, Japan, Europe, or the Brexit ?? Beats me.
3) With the recently, at least somewhat better April economic data (Retail Sales, Consumer Sentiment, Housing Starts, Industrial Production, and Capacity Utilization) including the Atlanta Fed GDPNow forecast for Q2, the FOMC feels as though to maintain credibility they will have to hike well ahead of the election, and this may be the time that they can justify it best.
4) Before we go holding hands and taking long walks in the rain together, this can still get messed up. (You guys know I’m rooting for the savers, and the old ones, even if it hurts me right?)