The Minutes from the latest FOMC meeting show that the Fed is split whether they would raise interest rates in June..anyway :
Here is the most critical points that were discussed from the minutes:
1-Participants expressed a range of views about how they would assess the outlook for inflation and when they might deem it appropriate to begin removing policy accommodation.
2-Several participants judged that the economic data and outlook were likely to warrant beginning normalization at the June meeting.
3-FOMC hinted that it would approach its first interest rate hike since July 2006.
4-The Federal Reserve downgraded its economic growth and inflation projections.
Conclusion : The US dollar rises after FOMC meeting , but it also remains under pressure , since the picture is not clear yet , more consolidated trading could be seen the upcoming days …
