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Fed minutes highlights

SPX News by Allie Longford on 14:07 January 04, 2017 EST

FED officials saw the dollar holding down inflation in the last FOMC minutes released on Wednesday.

The Minutes show Fed fearful of fiscal policy overshoot. They also noted "considerable uncertainty" about Donald Trump's impact on the economy.

The minutes did make mention of the fiscal policy uncertainty ahead. They were split on inflation outlook, noted improved confidence could boost investment.

Officials see gradual rate hike pace appropriate for now, officials also saw stronger USD holding down inflation. Half of Fed officials included fiscal policy in forecast.

Stocks and the dollar a dash lower after the release.