Coming up on 22 May 2019 at 1800GMT are the Federal Open Market Committee minutes
Powell's … May 1st press conference... tamped down market probabilities for a rate cut this year
- but the conflict with China resurrected the bet … (minutes) may be stale because US China trade negotiations basically fell apart thereafter and this contrasts somewhat to Powell's portrayal of diminished risks to the outlook.
Improved NAFTA prospects are nevertheless a positive offset to trade policy risks.
In addition, the Fed's concern that inflation expectations are declining were at least partly allayed by the jump in consumer expectations this month that may partly reflect rising consumer aware of tariff influences
Also watch for further discussion that reflects the central opinions across FOMC members on topics like whether soft core inflation represents transitory factors.
(via Scotiabank)
