2024 Federal Open Market Committee meeting minutes revealed more hawkish comments, leading to market declines in stocks, bonds, gold, and oil.
The Federal Reserve released the minutes of the April 30-May 1, 2024 Federal Open Market Committee meeting, revealing more hawkish comments that led to market declines in stocks, bonds, gold, and oil. This was accompanied by a mixed housing report, lower traffic, and reduced spending data from Target. The minutes are based on information available at the time of the meeting and do not reflect current circumstances.
May 22, 2024
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