- Has no view on what should happen with rates beyond July
- But if things continue as they are, then further action will be needed
- Key question will be how persistent core inflation is
They are not pre-committing to a September rate hike but they aren’t ruling it out either at this point. A July rate hike is pretty much in the bag already and we can only know more about what comes after the summer in the weeks ahead.
This article was written by Justin Low at www.forexlive.com. Source