HALISTER1: FOMC’s Statement, Projections Are ‘Hawkish on Net’: Evercore

FOMC’s Statement, Projections Are ‘Hawkish on Net’: Evercore

(Bloomberg) -- FOMC signals that it will move forward on rates, yet central bank has “less distance to travel than it previously estimated,” Evercore Vice Chairman Krishna Guha writes in note.
  • “Near-term hawkish message” was sent with dots for this year and next 
  • Message was “softened” by a decline in the median estimate of the fed funds rate in 2019 and in the long-run estimate
  • Statement and summary of economic projections are “hawkish on net”
To contact the reporter on this story: Vivien Lou Chen in San Francisco at vchen1@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Mark Tannenbaum

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
EVR US (Evercore Inc)

People
Krishna Guha (Evercore Inc)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283