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    US: FOMC Minutes to garner attention among economic releases - BBH

    Research Team at BBH, suggests that during the North American session, the US reports weekly mortgage applications, May trade, and ISM non-manufacturing PMI. Key Quotes“The Fed also releases minutes from its June 15 meeting.  These have been rendered moot by the Brexit developments, but could shed some more light on just how much it might impact Fed policy going forward.  Canada reports May trade as well.The FOMC minutes tend to obscure the signal that emanates from the Fed's leadership with a cacophony of voices.  Dudley's comments yesterday underscore the cautiousness of the Fed.  The heightened sense of risk reinforces the idea that Fed is on hold.  Governor Tarullo speaks today before the FOMC minutes on regulation and monetary policy.”

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