FOMC Preview: No Rate Hike, Possibly Preparing for September Rate Hike

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. Here is the first paragraph from the April FOMC statement : Information received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as growth in economic activity appears to......(read more)

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