A preview of the Federal Open Market Committee meeting (July 25 and 26) via Reuters
ICYMI - I posted a preview over the weekend (via Morgan Stanley)
From the Reuters piece:
- Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets
- Now, the European Central Bank (ECB) also appears likely to decide later this year on when to scale back its monthly bond purchases. When ECB President Mario Draghi first hinted at the prospect last month, world bond yields rose sharply for a while.
- Moreover, Canada's central bank raised interest rates for the first time in seven years this month, and the Bank of England is expected to raise rates next year to combat rising inflation.
Full article is here for a look at the global backdrop, and the local (US) too, to this week's meeting, if you're interested: Federal Reserve now faces prospect of global monetary policy tightening
At this meeting there is no 'Summary of Economic Projections' update issued, nor is there a press conference by Yellen.
