FOMC Minutes to provide detail on the policy deliberations – Lloyds Bank

Research Team at Lloyds Bank, suggests that Minutes of the April FOMC meeting will provide some detail on the Fed’s policy deliberations.

Key Quotes

“The statement released after that meeting was seen by markets as indicating that the Committee is in no hurry to raise interest rates. Certainly, notwithstanding the jump in April retail sales, recent economic data have generally been sluggish enough to suggest that a June rate hike is now unlikely. Nevertheless, as we still expect the FOMC to raise rates later this year, the minutes will still be of interest in indicating what the Fed will want to see before considering such action.”