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Fed Minutes: Short lived reality check; Call for Fiscal Stimulus

Markets like to read the meeting minutes of the Federal Reserve’s FOMC. Much if not most of the time there’s not much new in them. But sometimes even when there is not much new, they can still have an impact on the market.

If investors were looking for one negative piece of news, they found it in the minutes from the most recent meeting, July 28-29. As the stock market raced to new all-time highs on Tuesday and into Wednesday afternoon, the minutes were what some consider a reality check. Well, a short-lived reality check at best is what I would call it.

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