by Mike ‘Mish’ Shedlock
The Fed did not hike in June. Unlike the last two meetings when there were dissents in favor of a hike, the vote was 10-0.
The median projection is still two hikes this year, but six Fed members see only a single hike, up from a single person last meeting.
Meanwhile, the market see zero hikes for the year.
Policy Unchanged, Lower Prospects of Hikes
The Wall Street Journal reports Fed Leaves Policy Rate Unchanged, Lowers Outlook for Increases.