HALISTER1: U.S. ECO PREVIEW: Fed Beige Book Due in 5 Minutes

U.S. ECO PREVIEW: Fed Beige Book Due in 5 Minutes

(Bloomberg) -- Prior report, issued April 13, said U.S. economy expanded from late-Feb. to early April, boosting employment and putting upward pressure on wages, prices.
  • Beige book based on anecdotal evidence from Fed’s 12 district banks; will help form basis for deliberations when Fed policy panel next meets June 14-15
  • Futures traders assign ~20% probability of rate increase in June, up from 4% three weeks ago; see ~75% chance of rate increase by yr-end
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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