To those who were expecting rising bond yields by now, you’re in good company. The fits and starts in economic growth has primary dealers grasping at straws for the moment, as Lisa Abramowicz and Daniel Kruger report today.
Here’s what to look for when the Federal Open Market Committee releases its policy statement at 2 p.m. today in Washington along with new economic projections. It is the first meeting led by Federal Reserve Chair Janet Yellen, who plans to give a press conference at 2:30 p.m.
The economic expansion in the U.S. is sufficiently entrenched to withstand a short-term slump in stock prices and weakness in emerging markets, keeping the Federal Reserve on track to trim stimulus, economists say.
The U.S. economic expansion is sufficiently entrenched to overcome a short-term slump in stock prices and a cooling in emerging-market growth, keeping the Federal Reserve on track to reduce stimulus, economists say.