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Tuesday, June 13, 2017

FOMC Ahead

Tim Duy:

The recent inflation data doesn't exactly support the Federal Reserve’s monetary tightening plans. Chair Janet Yellen and her colleagues will surely take note of the weakness at this week’s Federal Open Market Committee meeting, but they will downplay any such concerns as transitory. At the moment, low unemployment remains the focus. Add to that loosening financial conditions and you get a central bank that is more likely than not to stay the course on its plan to hike interest rates. [...Continued at Bloomberg Prophets...]

    Posted by on Tuesday, June 13, 2017 at 11:26 AM in Economics, Monetary Policy | Permalink  Comments (52)


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