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"Instant Answers" For July FOMC Meeting

FED

Per our Fed preview, below are the Instant Answers questions we plan to release upon the publication of the July FOMC statement at 1400ET /1900UK on July 26 (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”]
    • If yes, does the FOMC say that rates are now appropriately or sufficiently restrictive? [if “yes”, then “no” or “N/A”]
  • 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)
*Questions subject to revision ahead of FOMC

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