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FOMC Doubles Down Despite Soft Data
At its June meeting, the FOMC doubled down on its plans to normalize policy despite recent soft data. In our view, there were two key takeaways from this meeting:
- By lowering their inflation forecast yet leaving the path of policy unchanged, the Fed essentially lowered the bar for a third rate hike and launching a passive bond runoff program in 2017​
- The Fed remains highly dependent on the rosy employment picture and tight labor markets as a rationale for its preferred policy path
Provider
Macro Insight Group
MIG provides investors with clarity on markets, macro and monetary policy. It combines a rigorous analytical approach with unique insight into central banks based on over a decade of experience. Clients appreciate our clear and accessible communication style
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