U.S. | FOMC Minutes Leave the Door Open for a June Rate Increase

Weak 1Q16 activity supported the dovish dominance at April’s meeting. Hawkish FOMC members argue that further delays could be confusing to the public in regards to their data-dependent strategy and may ultimately hurt their credibility. Fed communication will continue to signal the possibility of a June move, helping to better align market expectations along the way.

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