The markets get a reprieve from the political news when the FOMC minutes are released
FOMC kept rates unchanged at the May 1 meeting
The markets will get a reprieve from all the political headlines from the UK and the US when the FOMC releases the meeting minutes from the May 1 meeting.
- At the start and at the end of the press conference from Fed's Powell
- Powell Q&A: We don't see a strong case for moving in either direction
- Fed's Powell: Incoming data have been broadly in-line with expectations
- US-China trade deal 'possible' by next Friday - report
- The full FOMC statement for May 2019
- Federal Reserve holds interest rates in 2.25%-2.50% range, as expected
The general gist from the comments from Chair Powell, was that the FOMC thought low inflation was transitory and would rise. Thatw was a blow to cut hopes by September, so the dollar moved reversed and moved higher.
The FOMC meeting minutes will be releases at 2 PM ET/1800 GMT.
The FOMC meeting minutes will be releases at 2 PM ET/1800 GMT.