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
Here are the list of posts outlining the statement and the comments from Powell at the presser. Note, the other headline touting a US-China deal by "next Friday". Oh how things have changed.
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.
