Thoughts on Federal Reserve Minutes

[Michael Zuber]

So I read the latest Federal Reserve Minutes and a couple of things struck me.  First the meeting minutes seem to point to at least two more rate hikes this year and another two next year.  Next the Reserve board seems to see a boogie man in Emerging Markets which is interesting as I had not thought about that but see their point after reading the minutes. Lastly where Real Estate was the headline the last couple of years we are now a footnote with merely a couple of paragraphs 

In the end I stand by my post from early in the week, high priced markets are going to struggle with slow listing growth and buyers revolt making Supply of inventory shoot past 5 months very quickly.  I also feel equally good about buying and selling Affordable rental properties given the future for inflation and growth.

Did you read the minutes?  What did you think?

Z