Fed Minutes - Is the Fed Really Going Backwards?

The tone from the minutes today will set the kind of debate around whether or not Fed is actually serious about moving back towards 50 basis points of hikes in the coming months. We've had spending in the US continue to surprise on the upside and therefore the Fed is under pressure to keep raising rates because inflation remains well outside of a 2% target. Chairman Powell has made the point timely, and they're going to keep watching data. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak Europe.