Analysts at ANZ explained that the Federal Reserve is now in blackout mode ahead of the FOMC meeting next week, with the announcement scheduled for next Thursday.
Key Quotes:
“The recent data pulse from the United States has been positive, with the FOMC locked and loaded to hike the IOER 25bps to 2.0%. With an increase in rates widely expected, markets will instead be keenly watching the dot plots. We think the Fed will stick to three hikes this year.”
“Next week also will also bring the first meeting between President Trump and North Korean leader Kim Jong Un (on June 12), aimed at persuading North Korea to abandon its nuclear arsenal in exchange for economic relief.”
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