Fed Still Expects Two Hikes, Market Still Says One, Not Until November

by Mike ‘Mish’ Shedlock
Mish Talk

In today’s FOMC statement, the Fed made some useless noise about closely monitoring inflation.

The Fed also dropped concerns on global economic risks and gave no indication it might waver on last month’s projection it would hike twice this year.

The market expects no more than one hike, and not until November at the earliest.

Fed Tracker Changes

The Wall Street Journal’s Fed Statement Tracker highlights these changes.

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