LSA-Connect

  The FOMC decided to raise short-term interest rates by another quarter-percent—the third hike this year—bringing the fed funds target range to 2.00-2.25%. This was largely as expected, with formal probabilities of such a move being pegged at around 95% based on futures markets. There were no dissents. The official statement noted a continued strengthening […]

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LSA-Connect

Economic Update 8-1-2018. The FOMC concluded their monetary policy meeting today, which, as expected, resulted in no change to the fed funds rate—currently targeted to a range of 1.75-2.00%. There were no dissenting votes. The formal narrative again was positive in its assessment of overall conditions, with both economic activity and labor market descriptions being […]

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