Fed Skips May and Looks to June
marctomarket.com / by Marc Chandler / May 4, 2017
The Federal Reserve dislikes surprising the market and it refrained from doing so today. Policy was unchanged and the Fed saw the weakness in Q1 as being transitory. There were no dissents and no fresh insight into its balance sheet strategy.
The Fed also looked past the weakness in the March non-farm payrolls report, noting that the labor market continued to strengthen in the face of slower growth. It recognizes the pullback in consumption (calling it modest rather than moderate), but opined that the fundamentals for consumption (employment and income?) were “solid.” The FOMC statement recognized that inflation was not accelerating but on a 12-month basis was close to the 2% target.
The post Fed Skips May and Looks to June appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/04/fed-skips-may-and-looks-to-june/
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