FTN Financial Economic Weekly


Chris Low, Jay Morelock, and Sophia Kearney-Lederman
Undoing the Extraordinary

When Dallas Fed President Kaplan said three rate hikes are still a good benchmark for policy this year, he touched on a lot more than the likely level of rates in December. In one simple statement, Kaplan summarized his take on a host of factors likely to affect FOMC decisions for the rest of 2017. The Fed is going to focus on the current position in the economic cycle rather than the usual flow of monthly and quarterly indicators.

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