Dryden: Fed Minutes as Hawkish as a Dovish Fed Can Get

With traders preparing for quickening inflation and a Federal Reserve interest-rate increase, U.S. government bonds have lost 0.9 percent so far this month, according to Bloomberg Barclays U.S. Treasury Index data, as benchmark yields have risen every trading day except one. The minutes of the Federal Open Market Committee’s Sept. 20-21 meeting released Wednesday show that policy makers saw a rate increase as a close call and that the central bank should hike “relatively soon.” JPMorgan Global Market Strategist Alexander Dryden discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."

Full Show: Bloomberg Daybreak: Americas (08/25)
27:27 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Glenn Hubbard of the Columbia Graduate School of Business, Robert Kaplan of the Federal Reserve Bank Dallas, and former Deputy U.S. Treasury Secretary Robert Kimmitt. (Source: Bloomberg)
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