FOMC Minutes at the Centre Stage Today – Danske Bank
Research Team at Danske Bank, suggests that the release of the minutes
from the April FOMC meeting is likely to get the most attention today as
the calendar is thin.
“The minutes are to likely to show that the FOMC members had a rich discussion and that the committee is divided over the need for a near-term rate hike and give some indication on the probability of a US rate hike already in June or July. Our main scenario is still that the Fed will stay on hold until September and hike only once this year.
The weekly US oil inventory data are likely to get some attention today. Last week the oil market rallied on estimates that the decline in US crude production was accelerating. This week the market will look for further confirmation of this trend.”