June 21, 2010

We Have A Fed Meeting This Week

The FOMC announcement for the June 22-23 FOMC policy meeting is expected to leave the fed funds target rate unchanged. With continued market skittishness over sovereign debt problems in Greece and other European countries, the Fed is likely to be cautious about plans for unwinding its expanded balance sheet. Fed watchers likely will focus on statement wording regarding the status of the economy—notably any signs of labor market improvement.

in The Prag Cap

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