On June 7, Mike Feroli, chief economist at JPMorgan Chase, stated: For the Federal Reserve, the employment report for May was almost "tailor-made", perfectly reinforcing their current inclination—to remain on hold and patiently wait for developments in employment and inflation to determine future policy direction. This has turned the June Federal Open Market Committee (FOMC) meeting into a "non-event."
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JPMorgan: The June FOMC meeting is a "non-event".
On June 7, Mike Feroli, chief economist at JPMorgan Chase, stated: For the Federal Reserve, the employment report for May was almost "tailor-made", perfectly reinforcing their current inclination—to remain on hold and patiently wait for developments in employment and inflation to determine future policy direction. This has turned the June Federal Open Market Committee (FOMC) meeting into a "non-event."