Aug 2
FOMC August 7th Meeting
No significant changes to next week’s statement Hawkish sentiment will continue Fed funds rate will remain at 5.25% Economic trends on track to meet the recently adjusted FOMC outlook We do not expect any significant changes to the statement as economic performance matches Fed’s expectations. Data suggest that FOMC growth outlook of “a little below” potential for 2H07 and then rising in 2008 to a pace “broadly in line with potential output growth,” is likely to occur. Thus, the below average
