The FOMC meeting turned out to be a non-event as the Fed maintained the target range at 1.75-2.00% and did not feel it was necessary to send any new signals in the statement (there were no updated projections or a press conference at this meeting), explains the research team at Danske Bank.
Key Quotes
“The statement just stated the fact that growth has been strong and PCE core inflation is near the 2% target. We still expect the Fed to hike two additional times this year in September and December.”
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