Thought Of The Week Fed Meeting Minutes, Global Minimum Tax The minutes of the Federal Reserve meeting contained a couple of surprises that attracted traders’ attention. The vague hint at scaling back its bond-buying efforts “at some point in upcoming meetings” was linked to the strength of the economic bounce-back. Markets had a greater challenge in deciphering the significance of the statement this time since the latest U.S consumer inflation report was stronger-than-expected but the jobs report was surprisingly weak. Yet, it gave a glimpse that some of the members talked about talking about tapering. Bond market took hint and treasury yields rose slightly after the minutes were released. Meanwhile, U.S revised its proposed global minimum corporate tax rate from 21% to 15% for the overseas earnings of U.S businesses. Tax havens including Ireland were unhappy with the earlier proposal as they depend on low business taxes as a key economic...