📝Fed To Stick To Economic Data Dependency After June: Barclays

The Fed is likely to suggest on Wednesday that the case for a more aggressive removal of policy stimulus over the next few meetings has strengthened since March. However, most of the voting committee will be reluctant to tie its hands regarding the pace of interest rate increases in upcoming meetings -especially beyond June, and will stick to the view that it will depend on economic data. The Federal Reserve is set to lift interest rates by 50 basis points this week and will likely signal that officials are increasingly receptive to further front-loaded increases amid resilient data on activity and high inflation. - Barclays