May 20
After the FOMC cut rates 25 bps to 2.00% on April 30 and signalled a
pause in monetary policy loosening, economists will be attentive to any
commentary explaining the short- and long-term inflation outlook in the
United States in the release of the FOMC’s minutes on
Wednesday.
Dawn Desjardins, assistant economist at RBC, expressed concerns
about “inflation and indications that inflation expectations have been on
the rise in recent month in late April, although policy-makers retained a
forecast that inflation will moderate.”