The markets pay close attention to what the Fed says. When Fedspeak is inconsistent, investors buy or sell according to the changing tune. How will markets react to disharmony among Fed members when US indices are at all-time highs?
If the Federal Reserve announces cutting its asset purchasing, the reduced liquidity may be the last straw that pierces a possible housing bubble.
Today, the minutes from the FOMC’s July meeting will be released. If the minutes confirm a change in course for the Federal Reserve, Forex pairs and the price of Gold might be affected.
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