FOMC Preview: No Rate Hike, Risks "Nearly Balanced"

The FOMC will meet on Tuesday and Wednesday, and no change to policy is expected. There will no economic projections released at this meeting, and there is no scheduled press conference by Fed Chair Janet Yellen (in the unlikely event there is a change to policy, Yellen will probably hold a press conference). So the focus will be on the FOMC statement. The FOMC dropped the phrase about "balanced" risks from the statements in January and March, and the FOMC is expected to add the phrase back in the statement this week - to prepare the markets for a possible rate hike in June or July. Here is......(read more)

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