FOMC: Above Trend Growth Requires Continued Monetary Support
The Federal Reserve sounded more dovish than many expected and this prompted a 5-7 bp drop in US rates, and the dollar fell to new lows for the week against many of the major currencies. The median Fed forecast now anticipates no hike this year but one next year. The Fed will also taper the …
FOMC: Above Trend Growth Requires Continued Monetary Support Read More »