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Fed Minutes to Detail Views on Inflation Overshoot, Yield Curve

  • Could give explanation for FOMC’s second ‘symmetric’ reference
  • Records may affect expectations for number of 2018 rate hikes
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Pinebridge’s Omar Slim discusses how geopolitical or trade tensions might affect markets, and talks about Treasuries.(Source: Bloomberg)

Divisions among Federal Reserve officials over the yield curve and inflation will be under scrutiny on Wednesday when the U.S. central bank releases minutes of its policy meeting at the start of the month.

While the Federal Open Market Committee left interest rates unchanged at the May 1-2 session, new information on how officials discussed those topics could help analysts gauge how many additional hikes are likely this year. The Fed lifted its benchmark rate in March and another move is widely expected in June. Odds are currently about split between the probabilities for three and four increases over the year as a whole, according to pricing of federal funds futures contracts.