US: June FOMC Minutes preview

No surprises from the Fed As expected the Fed kept rates unchanged at the FOMC meeting held in June, and as such much of the attention was on comments related to the QE program. However, those looking for the Fed to expand its Treasury buys were left disappointed after the size of the program was left unchanged. The Fed also sought to calm market nerves, after speculation that it may hike rates in the not-too-distant future mounted. In the accompanying statement the Fed expressed its