International News
German PPI and Euro area construction output figures for April are released this morning. German factory gate inflation has been in negative territory since July 2013 falling to a trough of -2.2% y/y in January. All eyes, however, will focus on the FOMC meeting later today (19:00 BST). The minutes for April will serve to shed some light onto the debate over how permanent the slowdown really is and if the Fed can do anything but wait until the economy recovers [...]
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