Fed Minutes, Speeches Likely to Hint at June Hike

  • Monday, May 21, 2018

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The Most Important Central Bank Releases This Week
central bank communications analytics research

Although ECB, RBA, and Riksbank policymakers are all active this week, the Fed will likely be the biggest market mover due to its 10 policymaker speeches—including one from Powell—along with the publication of the minutes from the May FOMC meeting. These communications are likely to highlight continuing signs of economic strength and point to a June rate hike.

Benoît Cœuré, the only ECB policymaker speaking this week, will likely reiterate the bank’s plan to begin normalizing policy in late summer/early fall, as previously indicated. RBA policymakers Philip Lowe and Michele Bullock are also speaking this week. Governor Lowe’s speech at the Australia-China Relations Institute will likely be the bigger market mover given the importance of Chinese trade in Australia’s economy. The Riksbank will release its financial stability report and host an accompanying press conference this Wednesday. The report will likely score dovish considering policymakers’ recent signals indicating they intend to delay tightening until at least the end of the year.

This is an abbreviated version of the Cyborg Analyst. The full weekly report contains detailed analysis based on Prattle’s central bank data. Subscribe here.

The Prattle Team

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