It's the inflation story, it's there and it's got implications going forward.

This level of inflation, combined with falling unemployment and rising capacity utilization, is a recipe for continued preventative rate hikes.

I think these minutes ratify the middle view in the markets, not that the Fed's done and not that the Fed's going to 6 percent.

I think what this does is ratify the Fed's current stance --- moving at a measured pace seems to be the prudent course.

Hiring a Fed chairman is like firing a missile. There's no recall button.

The ISM reports are honestly not the best way to go about forecasting the payroll report.