Cautious stance: Travellers checking in at the Manchester Boston Regional Airport in Manchester, New Hampshire. The Fed is focusing on a separate measure of inflation based on personal consumption. — Bloomberg
With inflation pressure diminishing last month, investors see the upcoming decision as almost certain, but expect no additional increases, while the FOMC in June pencilled in a final hike later in the year.“They will certainly stay cautious after only a couple of months of softer inflation data, which is not enough for them to be convinced the job is done.”
“With recent economic data seemingly bolstering the chances of a soft landing, the FOMC is unlikely to rock the boat. The committee could debate whether to acknowledge recent inflation progress or simply say it remains elevated.
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