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Please note: December Fed meeting minutes will be released later today.

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Dot charts revealed that the Fed was seeing a more hawkish outlook for interest rates and it will be interesting to see what’s in the meeting minutes to reveal such sentiment. Especially when we see inflationary pressures easing, not only in the United States but also in Europe now. That said, we are of course still far from the desired 2% target – it’s worth remembering that too.

In addition, it will be interesting to examine what policy makers think of labor market and economic conditions. And will there be whispers from certain quarters that potentially worry them excessive tightening Politics? This will be the one that risky trades are sure to look at later today.

The Fed minutes will be released later at 7:00 p.m. GMT.

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