USMC - Federal Reserve Watch: The Beat Continues

2024-05-03 07:41:45 ET

Summary

• The Federal Reserve is committed to returning inflation to its 2 percent objective.
• There will be no change in the target range for the federal funds rate.
• The Federal Reserve will continue to reduce the size of its securities portfolio but at a slower pace starting in June 2024.
• This all seems to fit into a narrative that describes a stronger U.S. and a stronger U.S. dollar.

"The (Federal Open Market Committee) is strongly committed to returning inflation to its 2 percent objective."

This comes from the Federal Reserve statement issued by the Federal Reserve following its Wednesday, May 1, meeting....

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