Just worth re-capping our latest Fed............>

FED: Just worth re-capping our latest Fed exclusive, released late on Friday:

- MNI EXCLUSIVE: Fed to Shun June Forward Guidance: Ex-Officials

- The Fed will avoid stronger forward rate guidance at its June meeting because

the benefits are fleeting and new language distracts from asset purchases as the

main tool bridging the economy through Covid-19, former officials told MNI.

Investors like "explanations without equivocation," said Stern, but the "Fed is

not going to do that," former Minneapolis Fed President Gary Stern said. "First

reason is that the Fed doesn't know frequently, and secondly, why?"

- For full story see MNI Main Wire at 21:30 BST 05/22 or contact

sales@marketnews.com for access.