Later today, the minutes from the latest Federal Reserve meeting will be released, which should contain additional insight on the decision to remain “patient” with interest rate policy. Given the large pivot at the end of last year from multiple rate increases in 2019 to remaining patient, the reasons for the change will be key to understanding the potential impacts on the economy. Meanwhile, announced last week, Retail Sales fell 1.2% in December, the largest monthly decrease since 2009. With consumption nearly 70% of GDP, a continued decrease in consumer spending will also affect the economy and Federal Reserve policy in the months ahead. In all, equity futures are mixed this morning heading into the market open.
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