Headlines Aug 18

​Fed Minutes: Participants generally judged that the committee's standard of "substantial further progress" towards the maximum-employment and inflation goals had not yet been reached.
Fed Minutes: Several participants highlighted that a statement slowing the committee's pace of asset purchases should not be taken as the start of a preset path to raise the Federal Funds Rate from its current level.
Fed's Bullard: I want the taper to be finished by the first quarter of 2022 in order to leave the door open for an interest rate hike if necessary.
Fed's Bullard: I still see the fourth quarter of 2022 as a logical time for initial rate increase given expected ongoing employment gains and strong inflation.