FOMC minutes points to the dovish side – TDS

Strategists at TD Securities expect tomorrow’s FOMC minutes to be tilted to the dovish side.

Key Quotes

“On Wednesday the minutes of the April FOMC meeting are released”.

“Even though that meeting was devoid of any fireworks, the minutes of the meeting will provide some crucial direction to the markets on the Fed’s assessment on the outlook for growth and inflation, as well as the prospects for a near term hike”.

“TD expects the tone of this report to be dovish, reflecting the continued uncertainty about the outlook and the cautious approach to policy normalization”.