Fed rate hike in June: events that could sway the tide

The Federal Reserve made abundantly clear last week that whether or not it would hike rates in June is dependent on the data, leaving markets to watch the key dates for signals that could decide whether the U.S. central bank will continue monetary policy tightening at their next meeting.
“Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labor market conditions continuing to strengthen, and inflation making progress toward the committee’s 2% objective,” the minutes from the April 26-27 meeting revealed last Wednesday.

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