Traders Brace For Macro Tsunami In Fed Week

It's one of "those" weeks on the US macro front. By that I mean the stars have aligned (or, if you prefer the mundane over the celestial, you can just say schedules have consorted) to create an absurdly crowded calendar that inserts two key quarterly updates and the Treasury refunding announcement into the already packed docket around the May FOMC decision. As for the Fed, you can read my full preview of the May policy gathering here, but suffice to say it'll be a "high(er) for longer" message