Home › Market News › Treasuries Ebb and Flow Ahead of FOMC Minutes
There’s a three-week lag between each FOMC meeting and when the meeting’s actual minutes are released to the public. Markets traded relatively flat Tuesday ahead of Wednesday’s release of the March FOMC meeting minutes. Analysts will be dissecting the report looking for clues to possible future policy changes, and it’s usually a market mover.
The Phil Flynn Energy Report
Oil prices are recovering from Easter Monday’s huge selloff, which was caused by reasons that were in some cases real, and in other cases imagined. Concerns about increasing Covid-19 cases in India, as well as the Biden administration’s fixation on reentering the flawed 2015 Iranian nuclear accord, had traders worried about a massive flood of crude hitting global markets at a time when they believed Covid-19 shutdowns would again zap demand. How much of this is real and how much is imagined?
FRNT Financial
Last week we highlighted the decreasing number of wallets holding over 10,000 and 1,000 BTC since November and February and have since fielded questions about whether the metric signals profit-taking. We feel the answer is more nuanced and in part highlights evolving characteristics of the asset, such as new custody solutions.
The Federal Open Market Committee is set to publish the minutes from its March meeting at 2 p.m. ET. The Fed kept interest rates unchanged, but investors will be looking closely at minutes for clues as to when the central bank might raise rates.
Don’t forget to join Topstep founded and Chief Visionary Officer Michael Patak after the close on Wednesday, April 7, at 3:00 PM CT for a LIVE Q&A session. He’s going to be talking about the Topstep program, new features, and whatever else is on your mind. To tune in at that time, simply click this link.
