HALISTER1: FOMC Doves to ‘Carry the Day’ at June 14-15 Meeting: FTN

FOMC Doves to ‘Carry the Day’ at June 14-15 Meeting: FTN

(Bloomberg) -- While doves are expected to “carry the day,” Fed’s Beige Book report released today adds to “hawks’ ammunition” despite “modest” state of economy, FTN economist Chris Low writes in note.
  • “Tight labor markets are a red flag to the FOMC”
  • June FOMC debate will focus on hawks who want to raise rates before wage inflation takes hold, and doves worried China’s debt bubble might burst
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Christopher Low (Ftn Financial)

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