Fed's Minutes Report 'Bludgeons' Global Markets — Stocks, Crypto, Precious Metals Slip in Value – Economics Bitcoin News

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After the Fed's news published, stock markets roiled, crypto markets shed billions, and precious metals like gold slipped a hair in value as well.

Gold and silver percentages shown in this screenshot were recorded at 11:40 a.m. .

Asian stocks fell during the overnight trading sessions as well following Wall Street’s plunge. On Thursday, Wall Street’s top indexes picked up some gains as the Nasdaq and NYSE were up some percentage points in the morning, but the Dow Jones index was still down 100 points. Digital currency markets across the board are down 8.3% as the crypto economy is valued at $2.17 trillion today.

The last Fed minutes meeting indicated that the level of inflation in the U.S. has increased a great deal but the strength of the economy was considered healthy. Fed participants wrote that they wanted to “begin to reduce the size of the Federal Reserve’s balance sheet relatively soon after beginning to raise the federal funds rate.” The next U.S. central bank meeting is slated for January 25-26.

 

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