Pantheon Macroeconomics - The FOMC delivered no big surprises yesterday, but seemed keen to make it clear that policymakers are sticking to their core views, despite the slowdown in growth in the first quarter. Unlike the March statement, yesterday's note pointed out that the slowdown came in the winter months, though it did not directly blame the  weather for the sluggishness in growth.

U.S. | 30 Apr. 2015 FOMC acknowledges slowdown in Q1, but core view unchanged
The FOMC delivered no big surprises yesterday, but seemed keen to make it clear that policymakers are sticking to their core views, despite the slowdown in growth in the first quarter. Unlike the March statement, yesterday's note pointed out that the slowdown came in the winter months, though it did not directly blame the weather for the sluggishness in growth.

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30 Apr. 2015 FOMC acknowledges slowdown in Q1, but core view unchanged

By Ian Shepherdson

The FOMC delivered no big surprises yesterday, but seemed keen to make it clear that policymakers are sticking to their core views, despite the slowdown in growth in the first quarter. Unlike the March statement, yesterday's note pointed out that the slowdown came in the winter months, though it did not directly blame the weather for the sluggishness in growth.

Posted: 30th Apr 2015 in 'U.S.'

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