The minutes of the last meeting of the Fed’s Federal Open Market Committee (FOMC), held on December 14-15, have been released.
The minutes of the meeting, where the policy rate was kept constant at the range of 0-0.25%, included the evaluations of the officials on monetary policy and the economy.
In the announced minutes, it was emphasized that the Omikron variant would not change the recovery process of the economy. Although the authorities have a positive view of the impact of the Omikron variant on the economy, they noted that it may still take a little longer than expected to overcome the problems.
It was also shared in the minutes that the balance sheet could shrink faster than seen.
One of the most important anecdotes in the minutes was about the rate hike. Officials stressed that the rate hike is likely to happen sooner than expected.
It was also stated that employment in the USA is far from the Fed’s targets.
0% in Bitcoin (BTC) value following the announcement of the minutes. There was a 4 percent decrease. The asset is trading at $45,789 at the time of writing, according to Coinecko data.