Duy: "Expect the Fed to Stand By Its 2018 Outlook"

From Tim Duy at Bloomberg: Expect the Fed to Stand By Its 2018 Outlook . A few excerpts: The Fed is likely to continue to point toward another 75 basis points of tightening in 2018 when it releases the next Summary of Economic Projections. To be sure, the minutes of the last FOMC meeting painted a dovish outlook as participants fretted about the inflation picture. But these concerns need to be weighed against the outlook for growth, which improved throughout 2017, and the implications of that accelerated growth on unemployment. ... I anticipate the Fed will largely retain the policy rate......(read more)

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