June Flashlight for the FOMC Blackout Period: Why Change Policy Now?

From wellsfargo.bluematrix.com

When the Federal Open Market Committee (FOMC) voted unanimously on May 7 to keep its target range for the federal funds rate unchanged at 4.25%-4.50%, the Committee noted in its post-meeting statement that "recent indicators suggest that economic activity has continued to expand at a solid pace." It also stated that "labor market conditions remain solid." When it releases its next post-meeting statement on June 18, we think the FOMC may note economic activity has expanded at a "moderate" pace, while continuing to characterize the labor market as "solid." For example, recently released data show that real personal ... (full story)