"The FOMC statement was not as hawkish as many anticipated"
... Thats from Adam, who was having a break while Ryan took the ForexLive reins over the FOMC
Adam goes on:
- The Fed has a dual mandate of full employment and low, stable inflation
- Yellen is increasingly comfortable on the first part
- That means that even with two solid but not spectacular non-farm payrolls reports before the next FOMC in September, that jobs portion of the mandate could be satisfactory.
The problem is on the inflation side ...
- Over the past two weeks, breakeven rates have been tumbling, signaling less confidence from the market that the Fed will bring inflation back to 2%
There is more here from Adam: The other omission from the Fed statement
-
From Ryan:
- Fed gives a jobs clue that a rate rise is getting closer
- Full FOMC statement from the July 2015 monetary policy meeting
- July 2015 US FOMC meeting: Rate to rise after further job market gains
And, more: