Kitco readers were not expecting much from the Federal Open Market Committee (FOMC) minutes on Wednesday, as more than half said they didn’t expect many surprises from the release. In a Kitco News survey posted earlier this week, 102 respondents were asked if they thought this week’s FOMC minutes would shock markets. Roughly 8% said ‘yes, rate hikes are coming’ as their answer, while the majority, 78%, said they didn’t expect much of a surprise and were expecting the ‘same as usual.’ The remaining 14% were on the fence, answering the survey with ‘maybe.’
