Having continued to taper, expressed no fear of inflation, and been nothing but confident that Q1 was nothing-but-weather at the press conference, the FOMC Minutes shows:
*SOME FED OFFICIALS SAW INVESTORS AS TOO COMPLACENT ON RISKS
*FED SAW INSUFFICIENT INVESTOR UNCERTAINTY ON ECONOMY, RATES
*FOMC SEES QE ENDING WITH $15 BLN CUT IN OCT. IF OUTLOOK HOLDS
Strange not a mention of the surge in Treasury fails but this appears as close to a "sell" as the Fed will give...
Pre-FOMC Minutes: S&P Futs 1964, Gold $1323.50, 10Y 2.59%, Oil $102.22, JPY 101.75