FOMC Minutes Heightened Speculations on Monetary Easing

23 August 2012 23 August 2012

tychanelnjr

Market sentiment was mixed yesterday as torn between negative European news flow and Fed’s dovish minutes which suggested further easing is likely. Wall Street waxed and waned with the DJIA losing -0.23% while the S&P 500 gaining +0.02%. In the commodity sector, crude oil prices gained as the US dollar lost ground amid expectations of monetary easing.