MONDAY OUTLOOK: WILL THE FED RAISE RATES?

 

According to CME Group’s Fed Watch tool, views of market participants are split on when the Fed will raise interest rates, with many predicting a small increase at its June meeting. FOMC minutes are released Wednesday, which could provide some insight.

 

Economic Calendar

Monday:

Housing Market Index 10:00 AM ET

 

Tuesday:

Milk Production 8:30 AM ET

 

Wednesday:

Chicago Federal Reserve Bank President Charles Evans speech 3:00 AM ET

FOMC Minutes 2:00 PM ET

 

Thursday:

Chicago Fed National Activity Index 8:30 AM ET

Existing Home Sales 10:00 AM ET

Federal Reserve Vice Chair Stanley Fischer speech 1:30 PM ET

San Francisco Federal Reserve Bank President John Williams speech 7:00 PM ET

 

Friday:

Federal Reserve Chair Janet Yellen speech 1:00 PM ET

 

Links

OPEC is increasing oil supply (Bloomberg)

A push to end the U.S. oil export ban (Fuel Fix)

The Western drought goes beyond California (Farm Journal)

Why everyone is so willing to call a turn in the bond markets (Financial Times)

Bad loans in India are at a 14-year high (Bloomberg)

Institutional investors are buying farm land (Vox)

What Canada’s trade deficit would look like absent oil (Huffington Post)

Lower oil prices are not translating into additional retail sales (Bloomberg)

Will autonomous cars be commonplace by 2025? (Quartz)

OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance, economics and politics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.

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