Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
FOMC will release its minutes of meeting at 19:00 GMT. However, this time around no major volatility in the financial markets is likely surrounding the release. The reasons for that are the following,
- First of all, this is the November meeting minutes, in which the Federal Reserve didn’t do anything. There was almost no new information in the statement. It was similar to September. The only difference was that in September, three policymakers; Esther George, Loretta Mester, and Eric Rosengren voted in favor of a rate hike but at the November meeting, Mr. Rosengren backtracked.
- Secondly, the market is pricing a 100 percent chance of a hike in the December meeting, so the financial market participants won’t be looking for cues to rate hikes. In addition to that, the minutes unlikely to shed light on the future path of the policy.
Nevertheless, the minutes are important in a sense that it would provide a fair idea on the issues of discussion among policymakers. It would also shed some light on the arguments behind hawkish calls and from those who voted against any action.
