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The Federal Reserve left its policy rate unchanged and argued its policy stance is “in a good place”, but officials are concerned about the recent lack of progress on inflation. Rate hikes remain unlikely, but the Fed is prepared to leave interest rates at current levels until that progress is achieved or the jobs market clearly weakens. Fed keeps rates at ...
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The May FOMC meeting brought little by way of surprises – rates unchanged, guidance unchanged, albeit with a marginally quicker QT taper than some had expected. Clearly, the next move in the fed funds rate will still be a cut, with the Committee continuing to seek confidence on inflation returning towards 2%, before beginning to normalise policy. As widely ...
Sessions