The Federal Reserve's policy meeting takes centre stage next week. We see the next move as a cut in June following a series of hot data releases. In the UK, all eyes will be on the release of inflation data, before the Bank of England meeting on Thursday. In our view, the first rate cut will come in August. US: We think the next move is a cut in June Next week’s highlight will be the Federal Reserve’s FOMC meeting. US growth, jobs and inflation data remain too hot for the Federal Reserve to contemplate imminent interest rate cuts. There are some people that think the Fed may need to hike rates further, but we don’t ... (full story)