FOMC Preview: Tapering The Tapering Talk As Fed Punts To September
Summary: as Newsquawk recaps, summarizing the broad sellside consensus going into today’s FOMC meeting, there is still not enough information for the Fed to cast judgement on whether the ‘substantial further progress’ threshold for pivoting towards tighter policy has been met. Indeed, the Fed is unlikely to get clarity on these questions until later this year, or even into next year.