FOMC June 28th Meeting
FOMC will maintain 5.25% rate The statement will retain its implicit tightening bias It will likely address recent indicators of growth and continue concern over expected inflation moderation Paragraph on growth: this will likely adjust to acknowledge the recent indications of faster growth: continued strength of the business balance sheets, rising ISM, positive YoY growth for nondefense capital goods, low sales to investment ratio suggesting increased future investment, labor working more
No comments