FOMC Remains Patient, Cautious
In a statement issued after its April 28 – 29, 2015 meeting, the Federal Open Market Committee acknowledged that economic growth slowed during the first quarter, in part reflecting “transitory” factors. Federal Reserve Chair Janet Yellen and her colleagues hinted that cold weather was partly to blame for the winter slump and repeated their belief that growth will pick up to a “moderate...
Read MoreRate Environment (April 27, 2015)
Treasuries recouped losses at week’s end as buyers stepped in following a round of economic readings that were somewhat weaker than forecast. The releases bolstered expectations that the Federal Reserve would be patient in raising interest rates. Read More Here
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