U.S. | FOMC Statement: April 28th – 29th

Summary

FOMC Review of Economic Activity Hints at Rate Hike After June. Committee acknowledged the 1Q15 slowdown based on jobs, spending, and exports. Increased concerns over import price declines and the potential impact on core inflation. We maintain our expectations for the first rate hike in September, closing out 2015 at 0.5%

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