Inside the Fed’s May Meeting: The Annotated Minutes
Balance sheet normalization and a potential June hike come into focus.
The Federal Reserve earlier this month shrugged off first-quarter softness in U.S. consumer spending to keep a potential interest rate hike on the table when policymakers meet in June. With the release of minutes from that meeting on Wednesday afternoon, investors will be looking for signals that Fed officials are committed to the tightening path they've laid out for 2017.
Hints about their resolve to lift interest rates will be closely watched, as will any clues on what balance sheet normalization will entail.