Swiss Economicblogs.org
At its latest meeting, the Fed showed it remained cool-headed about inflation risks. It should not deviate from its gradualist approach of one rate hike per quarter.The Federal Reserve meeting of 1-2 May 2018 brought no surprises. As the Fed kept rates unchanged (i.e., the Fed’s interest rate on excess reserves still at 1.75%), as widely expected, the focus was on the post-meeting statement for possible signals on future rate hikes. There was no press conference.The question was how the Fed...
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