Fed Holds Rates Steady and Stays on Track for June Increase
The New York Times; 5/2/18
“The Federal Reserve held interest rates steady at the conclusion of its two-day policy meeting on Wednesday and acknowledged rising inflation, but it gave little indication that officials are worried about a sudden, rapid escalation in prices or an abrupt slowdown in economic growth that could alter its gradual pace of rate increases.”
Why the Next 9 Days Are So Critical for the U.S. Economy
“Data released over the next nine days could show both accelerating prices and pay, like pieces of a data puzzle clicking into place. Other major economic headlines will bring key news for the central bank, from a Treasury refunding to bellwether earnings reports. Here’s what to watch as the Fed closes in on a milestone that will make it a rarity in the post-crisis world: a monetary authority that has hit all of its targets on the nose.”
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