Due at 1400GMT on 5 July 2018 are the minutes of the June 12-13 Federal Open Market Committee meeting.
I posted a preview here yesterday:
Adam had this one also:
Adding this preview now via Barclays:
We look to the minutes of the June FOMC meeting to explain members' rationale for the decision to raise rates in June and signal further steepening in the appropriate policy path.
- We will pay particular attention to the discussion of risks to the outlook in light of Chairman Powell's expressed confidence in the outlook against the rising threat of protectionism.
- In addition, we will read with an eye toward when members think policy will be neutral and how convinced they are that policy needs to become modestly restrictive over time.
Altogether, we expect the minutes to have a fairly positive tone, given the healthy data on activity and labor markets released in the run-up to the June meeting.
