There were some revisions to median interest rate expectations, otherwise a pretty blah statement that seems to have no basis in reality, "Economy has rebounded"? Q1 GDP at -2%? That's a rebound?
No mention of inflation, labor market improved even though real wages are down .1% while gas was up .9% and food up .5% just for May!
Yellen's press conference should be around 2:30, expect some hard questions.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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