Yesterday’s Fed minute release triggered a discussion about whether or not inflation is the main driver of whether the Fed raises and how fast says Steven Blitz, Chief US economist at TS Lombard. However, he told Daybreak Europe’s Guy Johnson and Anna Edwards that what markets should really be focusing on is the debate on hiking attributable to financial stability. He added that the role of power politics within the FOMC, once Yellen departs, adds to the mystery of Fed trajectory in the coming year.
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