Fed speakers in focus after hawkish FOMC minutes – Danske Bank

Research Team at Danske Bank, suggests that the Fed's Fischer (voter, neutral) and Dudley (voter, dovish) are set to speak today.

Key Quotes

“Following the surprisingly hawkish FOMC minutes from the April meeting released yesterday and the recent re-pricing of the probability of a Fed hike this year (the market puts 90% probability on a 25bp hike in September), the market will monitor his words carefully.

The ECB releases its account (minutes) of the monetary policy meeting in April but we do not expect it to move the market given that last week's ECB meeting did not contain any major news. Nevertheless, on an uneventful day it may attract some attention.”