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 is the significance of Janet Yellen's speech scheduled for June 6?

• To announce a new monetary policy

• To address unemployment issues

• To prepare the markets for a potential rate hike

• To discuss the global economic outlook

What makes policy-making more challenging for the Federal Reserve according to the second section?

• Political interference

• Lack of experienced members

• Global economic stability

• Data dependence and evaluating incoming data

How does the Federal Reserve view the impact of global economic factors like China's economy?

• As a significant factor affecting the US outlook

• As irrelevant to US policy

• As a temporary issue

• As a minor consideration

What is the main point of debate within the Federal Reserve regarding global economic factors?

• The role of the Federal Reserve in global markets

• How much attention to pay to global economic risks

• Whether to increase interest rates

• The impact of technology on the economy

What is the potential impact of Brexit on the Federal Reserve's decision-making?

• It may influence the timing of rate hikes

• It has no impact

• It will lead to immediate policy changes

• It will strengthen the US dollar