FOMC Preview: This month my FOMC preview is over at Bloomberg. The intro:
The Federal Open Market Committee meets this week to discuss the path of monetary policy.
Any possibility of a rate hike at the meeting’s conclusion on Wednesday was already crushed under the weight of weak data early in the year. To be sure, the data support the transitory nature of the weakness, justifying Federal Reserve Chair Janet Yellen’s optimism last month, but it remains too little, too late. Instead, turn to September as the next opportunity for the first rate hike of this cycle.
To read the rest, please visit Bloomberg.