06 Jul Odilia Business Advisors – Morning Report
Odilia Business Advisors
06 July 2017
Asian shares were tentative on Thursday after minutes from the Federal Reserve’s last meeting showed a lack of consensus on the future pace of interest rate increases, while oil prices inched higher following the previous day’s steep declines.
Fed policymakers were increasingly split on the outlook for inflation and how it might affect the future pace of interest rate rises, according to the minutes of the central bank’s June 13-14 policy meeting released on Wednesday.
Several officials also wanted to announce a start to the process of reducing the Fed’s large portfolio of Treasury bonds and mortgage-backed securities by the end of August but others preferred to wait until later in the year.
The dollar index .DXY, which tracks the greenback against a basket of trade-weighted peers, was also little changed at 96.305. Markets are now awaiting U.S. non-farm payrolls for June, due Friday, for more insight into Fed policy.
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