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FTN Economic Weekly May 22, 2015: Liftoff May Come Sooner Than You Think by Chief Economist Chris Low, Economist Jay Morelock, and Economic Analyst Sophia Kearney-Lederman
Liftoff May Come Sooner Than You Think
For fixed-income investors, there were two important messages in the April Fed minutes. First, the Fed is no longer likely to raise rates in June. And, second, the Fed is convinced they will be able to raise rates soon. There were several other interesting items, some of which we address below, but these were the two most important to the bond market. Taken together, they suggest FOMC members are willing to override the staff at individual meetings if the data don’t support liftoff, but also that the Fed staff has...click here to read more.
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