Fed Watch: This Will Be the Last Time
At yesterday's FOMC meeting, the Fed kept rates unchanged, marking the eighth consecutive meeting where policymakers decided to take no action on the rate front. Against this backdrop, Kevin Flanagan discusses the possibility of a rate cut in the next FOMC meeting in September.
Basis point: 1/100th of 1 percent.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.