Hawkish April FOMC minutes put a June rate hike on the table

Banking, Company Profiles, Person Profiles, Reports — By on May 19, 2016 at 11:30 AM
Dr. Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Global Economic & Market Outlook – Focus Notes (Thursday, May 19, 2016)

Hawkish April FOMC minutes put a June rate hike on the table

The minutes of the April 26-27 FOMC meeting revealed a relatively hawkish tone. Most FOMC participants judged that an interest rate hike in June would be appropriate “if incoming data were consistent with economic growth picking up in the second quarter, labor market conditions continuing to strengthen, and inflation making progress toward the Committee’s 2% objective.”

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GLOBAL FOCUS NOTE_MAY19_FOMC MINUTES

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