Markets Mark Time Into Fed Minutes, Nvidia Earnings
The dollar and Treasury yields are holding steady as markets await minutes from the Federal Reserve this afternoon. The record of January’s meeting is expected to show officials downplaying the need for dramatic policy adjustments in the coming months, with members likely to express a need for more evidence of disinflation before launching an easing cycle. The Canadian dollar is trading below its 200-day moving average after yesterday’s softer-than-anticipated January inflation report raised market-implied odds on a rate cut coming before the Bank of Canada’s June meeting. Annual headline price growth fell to 2.9 percent from 3.4 percent prior, and...