Since January, the FOMC statement has refrained
from characterizing the balance of risk to the
It is possible that the FOMC reintroduces a risk assessment
into policy statement in September.
The last time the assessment of risk was balanced in December.
The market has focused on whether risk assessment
is reintroduced or not into to the outlook in the statement,
in order to provide the possibility of rate hike in December.
but the risk assessment was not included in it.
Does it mean the fed maintains the dovish stance and
prudent for rate hike this year?
Recent data have raised some questions
about the economy’s near term momentum.
core PCE has been stabe at around 1.6%
year on year, below the FOMC s 2% inflation
Even under such a circumstance of economy,
Do you still believe there is high possibility
of rate hike this year?