With the June FOMC Meeting around the corner, The Signal team has prepared a special report to make sure you’re ready.
Fed sentiment is on the rise, but its mood has yet to reach its previous high point–which corresponded with the December 2015 rate hike. In light of recent trends, we project an FOMC statement score of -0.68:
If this forecast is correct, a July hike would seem less likely.
We see a hawkish surprise (above -0.68) from the FOMC statement as more likely than a dovish surprise because the Committee may seek to keep the option to hike open for July.
To download the full report, click here.
Eccles Building photo by Agnostic Preachers Kid