The clearest signal from the March FOMC minutes is that policymakers collectively shifted away from any presumption of continued easing. With rates now judged to be “within a range of plausible estimates of its neutral level” following last year’s 75bps cuts, the bar for further policy easing has been materially raised. The decision to hold […]The post Fed Minutes: Rates Near Neutral, Cuts Still Seen but No Longer a Given appeared first on ActionForex.