“We expect the FOMC will acknowledge increased uncertainty around the outlook and ambiguously point to an expectation that the Committee will maintain an appropriate level of policy accommodation,” stated Morgan Stanley analyst Ellen Zentner ahead of the July Federal Reserve meeting.
Forecasts For The Fed
- A hold on the target range of federal funds rate, remaining steady at 0.25 to 0.5 percent.
- A statement to describe a “backdrop of moderate growth, further job gains, solid consumer spending and ongoing housing recovery, alongside weak ...
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