Analysis: Rate Hike in June depends mostly on Inflation
// Calculated Risk
The April FOMC statement was very similar to the March statement. There was less emphasis on "global" risks in the April statement, and there was more emphasis on low inflation. Here are excepts from the April and March statements on inflation:
From the April FOMC statement:
Inflation has continued to run below the Committee's 2 percent longer-run objective, partly .....