FED MINUTES PREVIEW: MARKETS TO FOCUS ON RATES OUTLOOK AS STRONG LABOR MARKET DIMINISHES URGENCY FOR CUTS

• The Fed will release the minutes of the March policy meeting on Wednesday.
• Jerome Powell and co’s discussions surrounding the policy pivot will be scrutinized.
• Markets see a nearly 50% probability of another Fed policy hold in June.

The Federal Reserve (Fed) will release the minutes of the March policy meeting on Wednesday. Investors will pay close attention to comments regarding the inflation outlook and the possible timing of a policy pivot.