What Will the April FOMC Minutes Reveal?

The transcript discusses market expectations regarding potential rate hikes by the Federal Reserve, focusing on the minutes from previous meetings and Janet Yellen's upcoming speech. It highlights the challenges faced by the FOMC in maintaining unanimity due to data dependence and differing views on global versus domestic economic risks. The potential impact of Brexit on economic outlooks and Fed decisions is also explored.

What factors are influencing the expectation of a rate hike in September?

What did Janet Yellen do to prepare the markets for a potential rate increase?

How has the unanimity within the FOMC changed over time according to the discussion?

What is the significance of global economic factors, such as China's economy, on the US outlook?

In what ways might the uncertainty surrounding the election impact economic policy decisions?