FOMC May 9th Meeting
Fed held the fed funds rate steady at 5.25%; made minor changes to the policy statement The wording remains hawkish: reiterated that inflation is the predominant policy concern Statement retains hawkish bias; signals that the Fed will remain on hold for several meetings The FOMC kept the fed funds rate steady at 5.25% for the seventh consecutive meeting. As we anticipated, there were changes in the paragraphs on growth and inflation; but more importantly, and also as we expected, the policy
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