Fed Minutes May Have Been Overtaken by Events, May Be a Non-Event for Bitcoin (BTC)

“Minutes from the November FOMC meeting may be most revealing regarding Fed officials’ attitude toward financial conditions,” Citi analysts wrote on Nov. 19. “In October, Chair Powell and his colleagues argued that higher 10-year Treasury yields would substitute for further policy rate hikes. But as financial conditions have loosened, the response has been asymmetric, with little push-back against lower rates and higher equity prices.”