FOMC Policy Announcement (June 25th) |
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Fed Funds Forecast: 2.0% C: 2.0% P: 2.0% In its next meeting the FOMC will probably maintain rates at 2%. Uncertainty has intensified on both sides of the Fed’s equation. On the one hand, the economy still faces downside risks due to the fact that financial markets remain under considerable stress. On the other hand, inflationary pressures – coming mainly from large increases in oil and food prices- have intensified and headline inflation has accelerated both for PPI and CPI. Although core
Filed under: Fundamental
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