• FOMC Preview

    8 days ago - By Calculated Risk

    The consensus is that the Fed will not change the Fed Funds Rate at the meeting this coming week. However the Fed is expected to start the process of balance sheet normalization.
    Assuming the expected happens - no rate hike and the start of balance sheet normalization - the focus will be on the wording of the statement, the projections, and Fed Chair Janet Yellen's press conference to try to determine if there will be a 3rd rate hike in 2017 at the December meeting.
    Here are the June FOMC projections .
    The projection for GDP in 2017 will likely be either unchanged or revised down slightly...
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