Fed says it best when it says nothing at all
Portfolio managers, analysts and ultimately the market expect the Federal Reserve (Fed) to keep its policy rate of 0-25bp on hold at today’s meeting. Inflationary pressures remain subdued, economic activity has only started to recover after a lackluster Q1, the dollar TWI has appreciated a further 1.4% since the April Fed meeting and there’s the small matter of whether, or arguably when, Greece may default and the fall-out for the eurozone. Read more