by Lance Roberts
Real Investment Advice
This past week, the big news for the market was the release of the April 27th FOMC minutes which once again suggested the Federal Reserve may be on a path to hike rates sooner rather than later. The reality is simple, with the markets hovering on critical support, a Presidential election just around the corner and no real evidence of economic recovery, the likelihood of a rate hike in June is approaching zero.
Here are some key highlights from the meeting minutes:
“Participants generally agreed that the risks to the economic outlook posed by global economic and financial developments had receded over the inter-meeting period.
Participants also raised concerns about “unanticipated developments” associated with how China manages its exchange rate.