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US yields drift higher ahead of Fed policy minutes, caution reigns
Wednesday's minutes reflect a policy meeting held before the release of data showing a strong U.S. nonfarm payrolls report as well as the higher-than-expected consumer and producer prices for January. Analysts said the minutes should reinforce the Fed's stance of being patient about starting its easing cycle and validate the market's pushing out of rate cuts to the June meeting, instead of March.