Heavy focus on growth data from the Fed

The +0.5% reading in Q1 GDP has the Fed spooked. On one hand, they're talking about 2-3 more rate hikes this year, no the other, they're talking about seeing better growth numbers first.

The problem is that the first look at Q2 GDP numbers isn't due until the end of July. There's no meeting in August so the soonest you could realistically see a hike is September, which would mean a hike virtually every month and that goes directly against the 'gradual' rhetoric the Fed's been preaching.