27 Apr 2016
FOMC: no change in forward guidance - BBH
Analysts at Brown Brothers Harriman explained that the Fed's forward guidance has not changed.
Key Quotes:
"It is looking through the economic soft patch and expects the growth to strengthen.
The Fed recognized that inflation is still below target, but as transitory factors subside, it expects to reach 2% in the medium term.
The statement left no doubt that the central bank remains data dependent."
Key Quotes:
"It is looking through the economic soft patch and expects the growth to strengthen.
The Fed recognized that inflation is still below target, but as transitory factors subside, it expects to reach 2% in the medium term.
The statement left no doubt that the central bank remains data dependent."