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What to expect at the June Federal Reserve meeting
The upcoming Federal Reserve FOMC policy meeting is not likely to result in a change to the Fed funds target rate range of 0-0.25%, nor the $120bn per month of QE purchases split between $80bn of Treasuries and $40bn of agency mortgage backed securities. However, we will be getting updated forecasts, including the Fed’s “dot plot” chart with markets looking to see if there are any signs of cracks in the Fed’s position that elevated inflation readings will be “transitory”. chart How confident on “transitory” inflation? With headline inflation at a 13-year high and core inflation at a near 30-year ... (full story)