08.10.2014 - Minutes of the Fed did not change the market sentiment
Publication of the minutes of the previous meeting of the Federal Open Market Committee of the Federal Reserve yesterday has led to high volatility in the absence of hints on the timing of interest rate increases in the United States. Investors still do not expect to raise interest rates before the Fed meeting which will be held in April. On the other hand the regulator will monitor the statistics on inflation in the country and will be patient in the decision on interest rates. In the Fed also noted the negative impact of external risks on the US economy, that may interfere a more rapid normalization of monetary policy. We expect further strengthening of the US dollar and the fall on the American stock markets.