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It’s obvious that the Federal Reserve holds more hawkish bias nowadays. But it’s doubtful that their stance will guarantee a preemptive rate hike next week. Well, it won’t. While we may see Charles Plosser voting for a 25bp increase to 2.25%, the majority of Committee members will probably be unwilling to act out a hike since economic conditions in the US is still very weak. However, the FOMC will want to keep appearances and will continue to remain inflation-focused.
13:17
Posted on Jun-18-2008
