The main problem remains inflation concerns. “A number of participants saw a risk that it could run persistently below their 2 percent objective, with some expressing concern that such an outcome could undermine the credibility of the committee’s commitment to that objective,” the minutes showed.
It was also noted that “many participants regarded the international situation as an important source of downside risks to domestic real activity and employment, particularly if declines in oil prices and the persistence of weak economic growth abroad had a substantial negative effect on global financial markets or if foreign policy responses were insufficient.”
Despite expectations data did not have any significant impact on the markets. Euro is currently being traded around 1.1830 level, Sterling is at 1.51 handle, while Aussie is few points above 0.8060 area.
