Feds May 2022 meeting minutes is just released, what's your take on how dovish/hawkish Feds is? Sounds to me Feds is very committed to bringing inflation down through both rate hikes and QT, as was already known. Nothing really new – perhaps why market jumped a little and now back to morning level. Likely volatility will continue a bit. Tomorrow we might really see how market thinks of it, but doesn't hurt to put in some thoughts ourselves.
Personally I think Feds is doing the right thing, just too late. Therefore it's gonna hurt the economy/market badly – yet not hurting economy/market badly the inflation probably won't be brought down. It's a real dilemma. Market will suffer some more, probably.
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