$WLD

The minutes of the FOMC’s September meeting have been released, and the right takeaway is that “future decisions will depend strictly on the data”
After the first interest rate hike in almost three years, any potential hike in October will depend on employment figures and inflation rates
The summary made it clear that, while another rate hike later this year remains on the table, an increase in October is neither certain nor urgent
The fundamentals of the U.S. economy remain quite solid, giving the Committee considerable room to maneuver in its decisions
$ETH

Markets interpreted the minutes as “no more hawkish than expected,” providing some reassurance about market expectations
That said, it’s worth asking: are we seeing a rotation away from the rate market and toward yield?
All eyes are now on the upcoming earnings season, which could well set the direction of markets going forward, amid these rather cautious signals from the Fed
$SOL

#FedMinutesFocusOnOctoberPause