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🏦🇺🇸Fed Speak Sentiment Turns Hawkish After May Minutes: Cable FX Macro

  • A measure of Fed communications sentiment is turning higher or hawkish after the release of the May meeting minutes. The latest information is feeding the index with an increase of officials willing to tighten further if inflation doesn’t come back to target

  • Despite the shift, the gauge is yet to rise above December levels, this is when the FOMC pointed at rate cuts this year. In the meantime, be sure to hear “more patient is needed” “we’re not confident enough” “we may need to delay”

  • Ahead, we will receive the April Core PCE deflator and May jobs figures, the Fed is set to meet again on June 12


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