![]() ![]() Only machinery and computer and communications equipment recorded an increase fro last month. Five of seven sub-sectors (65 percent of sales) saw a decline in sales in March. The Canadian wholesale sales disappointed with a 1.0 percent contraction. The minutes are published three weeks after the FOMC meeting and the economic indicators released during that time filled that definition, putting a June rate hike back online. economy and discussed a possible June rate hike if the economy showed growth and resilience. The biggest surprise on the usually uneventful FOMC minutes release was that members were in fact optimistic about the U.S. The statement made minor changes to the previous dovish statement which in the view of the market put the June interest rate hike off the table. The April FOMC meeting had no press conference which left investors few clues on what the members of the Fed were thinking. ![]() Federal Reserve changed market expectations with the release of the notes from the April 27 meeting. The USD has gained across the board versus majors as the U.S. The Canadian dollar dropped to a one month low as the effects of the hawkish Federal Open Market Committee (FOMC) minutes released on Wednesday. ![]()
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