Wednesday: GDP, FOMC

From Bloomberg: Fed Decision Day Guide: From Cooling Economy to Forward Guidance Investors will scrutinize changes to the description of the economy for hints on the likely timing of liftoff after policy makers all but ruled out an interest-rate increase at this meeting. Expectations for the first increase since 2006 have shifted out to September from June as the economy weakened in the first quarter ... Inflation: Signs that consumer prices are stabilizing following a rebound in oil costs could encourage policy makers to tweak their language on inflation.  ... Wednesday: • At 7:00......(read more)

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