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Fed Guidance Seen Coming by September and Linked to Inflation
Federal Reserve policy makers will most likely link their guidance on the future path of interest rates to inflation, and will reveal that guidance by September, according to economists surveyed by Bloomberg. The Federal Open Market Committee holds its next meeting July 28-29. Survey respondents expect minimal change in the policy statement released at 2 p.m. Washington time at the conclusion of that gathering. One reason for the committee to do nothing dramatic at this meeting: the next fiscal stimulus package that is being hashed out in Congress. “The details of the upcoming fiscal package will be an important ... (full story)