What the June FOMC Minutes Say About Path of Fed Policy

The transcript discusses market expectations for the timing of the Federal Reserve's tapering, with consensus leaning towards September. It highlights the internal divisions within the Fed and the potential impact on tapering and rate hikes. The debate on whether inflation is transitory or not is also covered, with the market betting against transitory inflation. Upcoming Fed announcements and reports are mentioned, along with strategies for market positioning.

What is the market's consensus on the timing of the Federal Reserve's tapering?

• October

• August

• July

• September

What is one of the challenges the Fed faces in delivering both a taper and a rate hike?

• High inflation rates

• Internal consensus building

• Lack of market interest

• Global economic instability

What is the ongoing debate regarding inflation according to the transcript?

• Whether inflation is transitory

• Whether inflation is permanent

• Whether inflation is beneficial

• Whether inflation is harmful

What upcoming event is mentioned that involves Janet Yellen?

• Her quarterly economic forecast

• Her annual budget report

• Her semiannual testimony

• Her monthly press conference

How is the market positioning itself ahead of the key Fed meetings?

• By investing heavily in healthcare

• By trading the market very technically

• By focusing on long-term investments

• By avoiding any market activity