Pantheon Macroeconomics - The FOMC minutes confirmed that most FOMC members were not swayed by the weak-looking first quarter GDP numbers or the soft March core CPI. Both are considered likely to prove "transitory", and the underlying economic outlook is little changed from March.

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25 May 2017 Balance Sheet Run-off set to Start in the Fall, but Slowly

By Ian Shepherdson

The FOMC minutes confirmed that most FOMC members were not swayed by the weak-looking first quarter GDP numbers or the soft March core CPI. Both are considered likely to prove "transitory", and the underlying economic outlook is little changed from March.

Posted: 24th May 2017 in 'U.S. Documents'

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