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FED: "Instant Answers" For July FOMC Meeting

FED

Below are the Instant Answers we plan to release upon the publication of the July FOMC statement at 1400ET /1900UK tomorrow (including MNI Markets Team expectations in bolded text):

  • Federal Funds Rate Range Maximum (expected: 5.5%)
  • Does the FOMC change the sentence "inflation remains elevated"? (no)
    • If yes, does the FOMC add language noting inflation has moved down? [if “yes”, then “yes”]
  • Does the FOMC change the phrase "in determining the extent of additional policy firming that may be appropriate"? (no)
    • If yes, does the FOMC remove the reference to additional firming? [if “yes”, then “no” or “N/A”]
  • Does the FOMC say that rates are now appropriately or sufficiently restrictive? (no)
  • Does the FOMC refer to future "adjustments" in interest rates? (no)
  • Number of dissenters favoring a looser rates policy (zero)
  • Number of dissenters favoring a tighter rates policy (zero)
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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