The markets get a reprieve from the political news when the FOMC minutes are released

Author: Greg Michalowski | Category: Central Banks

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. 


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.  

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