FOMC Statement

May 2, 2018

Today’s just-released FOMC statement sets the stage for a rate hike in June. The view regarding economic activity and labor market conditions is as upbeat as in March. The comment on investment is even more encouraging. On inflation, officials as much as say that the target is close at hand. A decision not to change the 1.50-1.75% target was made unanimously. Forward guidance was not changed.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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