Quotes from Barclays Capital:
- Our main takeaway from the January FOMC minutes is that concern about downside risk to inflation has risen and, consequently, the bar for raising rates by June is higher than it was in December.
- We maintain our baseline forecast for a June rate hike at this juncture, but the risk of a later takeoff has risen, particularly if downside surprises on core inflation continue.
- We look to Chair Yellen's comments in front of the US Senate and House of Representatives next week for further clarification on the committee's thinking.
