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Weekly Update

With Lots of Momentum in Growth, Policymakers Want to Get to Neutral

Following the FOMC meeting, a couple of policymakers discussed the appropriate pace of rate hikes, reiterating the consensus that rate hikes should continue at a gradual pace. Kaplan’s base case was three hikes this year, but an additional hike could be warranted (Jun 15).  However, he was “very mindful of the fact that part of […]