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Wednesday, January 31, 2018

Fed Stands Pat, But More Rate Hikes Are On The Way

Tim Duy:

Fed Stands Pat, But More Rate Hikes Are On The Way, by Tim Duy: As anticipated, the Fed left rates unchanged at the conclusion of yesterday’s FOMC meeting. The statement was little changed but the handful of revisions point to continuing rate hikes. The Fed remains on track for three 25bp rate hikes in 2018. For the most part, the turnover at the Fed combined with ongoing solid data has left the remaining doves sidelined. The low inflation warnings of last year were largely a head fake as the Fed was always positioned to continue raising rates as long as there looked to be continuing downward pressure on unemployment. ...Continued here...

    Posted by on Wednesday, January 31, 2018 at 04:43 PM in Economics, Monetary Policy | Permalink  Comments (67)


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