U.S. ECO PREVIEW: FOMC Minutes Due in 5 Minutes
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Minutes of April 26-27 FOMC meeting; statement removed a reference to “risks” posed by “global and economic financial developments,” while saying those developments would continue to be monitored.
Alert: HALISTER1- Statement did not restore the “balance-of-risks” phrase removed in Jan., did not reference timing of next Fed rate increase; UST yields declined into the close of trading
- TD April 27 changed its forecast for next Fed rate increase to Sept. from June; Barclays, Goldman Sachs and BofAML followed on May 6 after weak April jobs report
- See Bloomberg Intelligence analysis
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Source: BFW (Bloomberg First Word)
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UUID: 7947283