US: FOMC Minutes and ADP employment in focus – Danske Bank

In view of the analysts at Danske Bank, we are due today to get the minutes from the 14-15 March FOMC meeting which will be the most important economic release for the day.

Key Quotes

“We will in particular look for discussions on the Fed's desire to begin shrinking its balance sheet, as Fed Chair Janet Yellen said at the press conference that the FOMC members discussed it at the meeting.”

“As a warm-up for Friday's labour market report in the US, ADP employment for March is due out today. Although not a perfect predictor, ADP tends to give a relatively good idea of what to expect from the official jobs report.”