FOMC May 9th Meeting
FOMC statement will likely signal more uncertainty The statement will retain its implicit bias toward tightening, but probably slightly less than the previous The statement will likely signal more concern on the downside risks to growth, along with continued concern about inflation Paragraph on growth: we think that the paragraph could be modified to allow for weaker data and increased downside risks to economic growth. In particular, the wording will probably add a reference to a major area
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