Fed Preview: Will the Fed cool expectations for a June hike?

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Summary

After the Fed's dovish hike back in March, expectations remained positive for the US economy. However, weak growth in Q1 on top of a modest gain in jobs could tilt the Federal Reserve to a more dovish stance this time. The more likely scenario is a neutral, "data-dependent" statement that is a copy-paste exercise of the previous ones. Nevertheless, a surprise is more likely to the downside.

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