USA Today: They took a June hike off the table, but buried in the minutes of the Federal Reserve's April meeting released Wednesday was the following not-so-subtle warning from the nation's central bankers: when they finally do hike rates, there's likely to be bond market turbulence similar to the "taper tantrums" two years ago when the Fed first hinted that it would wind down its bond-buying program, dubbed QE, or quantitative easing.
Here's the Fed's warning taken directly from the meeting-minutes transcript:
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