FOMC unlikely to alter its policy settings - Rabobank

Stefan Koopman, Market Economist at Rabobank, suggests that they don’t expect the FOMC to alter its policy settings at this week’s meeting and also don’t expect major changes to the monetary policy statement.

Key Quotes

“The short-term growth outlook has softened somewhat, but residual seasonality and unseasonal weather conditions make it difficult to interpret the recent spate of data.”

“We expect two more rate hikes this year: in June and in September.”