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FOMC minutes unlikely to include new revelations on near-term outlook – TD Securities

"The minutes are unlikely to include any major new revelations on the near-term outlook relative to what was said in the press briefing and this week's testimony," TD Securities analysts said previewing the FOMC's January meeting minutes that will get published next Wednesday at 19 GMT. 

Key quotes

"However, they will likely include an update on the review being conducted by the Fed."

"We expect the review to result in the adoption of some form of average inflation targeting, which is dovish given sub-2% inflation."

US Dollar Index Price Analysis: DXY grinds to fresh 2020 highs, challenges 99.20 resistance

The US dollar index (DXY) is trading near its highest since October while trading well above its main daily simple moving averages (SMAs). DXY is spiking to t
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Fed's Mester: Monetary policy is in a good place, inflation is low

"The monetary policy is in a good place, inflation is low," Cleveland Fed President Loretta Mester said on Friday. Commenting on the coronavirus crisi
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