Traders may be underwhelmed by today’s FOMC minutes, according to analysts.
Wall Street strategists remain cautious, stressing that, despite market optimism, immediate rate cuts are unlikely. The optimism is based on the idea of a US “soft landing” leading to a “new growth era,” with parallels to the 1994-1995 period, according to Macquarie strategists in a note today. However, Macquarie is hesitant of overstating this parallel,…