Small chance of a June hike from Fed - BBH

There was little hint about its intentions for June, which follows logically from being data dependent.

Key Quotes:

"KC Fed President George repeated her March dissent favoring an immediate hike. The market is not buying it, however.

The Fed funds futures continues to price in a small (~20%) chance of a June hike. The markets have whipsawed in response to the statement which help no surprises."