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The Fed is leaning to the hawkish side but stressed that it is data dependent. In the penultimate week of May, we get both an update on the worrying first quarter with updated GDP data as well as a look at Q2 with fresh durable goods orders. In addition, top German surveys, a rate decision in Canada and other figures stand out in a week that promises to keep the pace high.

Preview for the week of May 23-27 2016: