Branch2 Intelligence
Fed officials were split on direction of interest rates at last meeting, minutes show
Key takeaway
Fed minutes reveal split on rate path, signaling higher-for-longer rates.
- Step 1Fed minutes reveal split, reinforcing higher-for-longer rate expectations.
- Step 2US 10-year term premium widens as uncertainty persists.
- Step 3UK gilt yields rise in sympathy, increasing SME borrowing costs.
- Step 4UK discretionary spending and construction activity slow as financing tightens.
Source: CNBC
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