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Continued momentum in the economy is expected...>

FED
FED: Continued momentum in the economy is expected to underpin another
quarter-point interest rate increase as the Federal Open Market Committee
concludes its meeting Wednesday, bringing the target range to 1.75% to 2.00%.
But more telling will be how the FOMC alters its forward-guidance language to
signal policy has moved closer to neutral.
- The minutes of the previous meeting indicated that if incoming information
continues to show a growing economy, it would "likely soon be appropriate for
the FOMC to take another step in removing policy accommodation."
- For full story see MNI Main Wire at 14:00 BST 06/08 or contact
sales@marketnews.com for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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