Mixed messages from the Federal Reserve about when it will taper its monetary stimulus program have sent markets into a tailspin again. But perhaps there's little reason to be confused about the Fed's message, some analysts say.
Benchmark 10-year Treasury yields hit their highest level in two months, U.S. stocks tumbled and the dollar shot higher on Wednesday, while Asian stocks opened down on Thursday after minutes from the October Fed meeting suggested the asset-purchase program could be unwound in coming months.
(Read more: Fed sends markets tapering message)
"The financial community in general overreacted to the FOMC minutes," Kathy Lien, managing director at BK Asset Management, said in a note referring to the policy-setting Federal Open Market Committee.
"The price action in equities, Treasurys and currencies suggests that there was a major shift or revelation by the Fed but in reality the minutes contained very little surprises and did not say anything that we had not all already known," she added.