 "Janet Yellen, Federal Reserve Chair")
The US Federal reserve, in its minutes of the May 2-3 policy meeting indicated the likelihood of a June rate increase, but expressed some doubts over the trajectory of future rates hikes, thereafter. The Fed also mentioned to start reducing its balance sheet this year as long as the recovery in US economy continues as expected.
The Federal Open Market Committee had voted to keep rates steady in its May policy meeting after increased it by 25 basis points to a range of 0.75% to 1% in March.
Fed funds rate futures are now pricing in about a 75% chance of the
