Minutes of Fed’s meeting hint split

Read the relevant section of the minutes at the bottom of this article.

The latter laid low both Wall Street and Asia amid worries over the impact the sales of bonds and mortgage-backed securities might have on asset prices.

Intellectual property firm Allied Minds was the biggest mid-cap faller, down 5.4 percent and touching a record low, trading below its IPO price for the first time.

Now, when it takes the money back, the prices of all these assets will climb back down. That means that he likely has more room to adopt economically stimulative policies before he runs into opposition from central bankers.

“Either it scared participants because of talk that sounds like maybe (the stock market) is bubbling, or there is some thought that the normalization of the balance sheet is going to harm growth. or we are going to get more (rate) hikes” than already expected, said Janna Sampson, co-chief investment officer at OakBrook Investments LLC in Lisle, Ill.

But Mr Weston said the minutes were not the only factor weighing on investors overnight.

Asian stocks were mostly lower Thursday, as the region nervously watched for market-moving news from the first meeting between the USA and Chinese leaders.

“Trump’s agenda is falling to pieces”, said Pictet’s Paolini.

The statement comes at a time when the uncertainty of Trump’s ability to follow through on his economic promises is growing. Uncertainty around them was substantial, the Fed said. RBA Governor Philip Lowe said an improvement in the labour market was needed, before the central bank can be confident the overall economy was strengthening.

Global Logistic Properties rose 1.1% to S$2.79 after saying it had signed 264,000 square of new leases globally over the past three months, driven by increasing demand in third-party logistics and e-commerce industries. The ten year bond closed with a yield of 2.334%, down 0.030 from 2.364%… Economic conditions in China and Europe, which had caused the Fed to forego rate increases in early 2016, appeared to have stabilized, according to the minutes.

Blue Origin had hoped to begin test flights with company pilots and engineers this year, but that probably won’t happen until 2018, Bezos told reporters at the annual U.S. Space Symposium in Colorado Springs, Reuters reported.

The Fed’s decision to boost its key policy rate by a quarter-point left it in a range of 0.75 percent to 1 percent. If its policy committee chose to start reducing those holdings, even at a likely gradual pace, it could lead eventually to higher rates on many consumer and business loans.

Economists beginning to examine the effect of the Fed’s changing balance sheet say it could amount to the equivalent of half a percentage point or more on interest rates in what amounts to a “synthetic hike”. Numerous participants were focused on reducing the size of the balance sheet.

“The Fed hasn’t decided whether it will cease the reinvestment policy in one fell swoop or cushion the blow by phasing out reinvestment more gradually”, Ashworth added.

Mainly, though, the Fed is signaling confidence in the state of the economy and a desire to normalize policy as inflation and the labor market approach their targets.