FOMC Minutes Talking Points
- The May FOMC minutes detailed a reserved conversation among policymakers who believed that patience on rates would be appropriate for the foreseeable future.
- Many FOMC members saw the early-2019 dip in inflation readings as “transitory.”
- Rates markets show a small dip in 2019 rate cut odds relative to where they stood prior to the May FOMC minutes release.
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Analysis to follow…
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— Written by Christopher Vecchio, CFA, Senior Currency Strategist
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