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FOMC Recap: Is the Fed Headed to the Beach Until September?
For its fourth consecutive meeting, the Fed left interest rates unchanged in the 4.25-4.50% range as expected. Beyond the administrative tweak to the date and one voter update, there were only two changes of note to the central bank’s monetary policy statement: • Uncertainty around the economic outlook has "diminished but remains elevated" from "increased further" • Removes line that "risks of higher unemployment and higher inflation have risen" The line about economic uncertainty may refer to the (slight) progress on trade talks between the US and China. Recall that the joint reduction in tariffs between ... (full story)