Markets reacted cautiously to the minutes of the recent Fed meeting that revealed a Fed that is inclined to increase rates further so as to tame inflation. However, the minutes also instilled hopes that the Fed would slow down its pace of rate hikes.
Asian stocks finished with losses. European stocks are trading higher. Wall Street Futures are also in negative territory.
The Dollar Index gained. Bond yields eased in the U.S. but hardened in other major regions. Crude oil prices gained following a decline in crude oil inventories in the U.S. Gold gained while cryptocurrencies declined.
