FOMC might see need for some wiggle room later this year - ING

Analysts at Rabobank noted that the FOMC kept its policy settings unchanged at today’s meeting; there were no dissenters.

Key Quotes:

"There were also no new economic projections, nor was the meeting followed by a press conference.

"The statement incorporated only minor changes, yet the emphasis on the symmetric inflation goal signals that the FOMC won’t be too worried about a slight but temporary overshoot."

"This suggests that the FOMC might see the need for some wiggle room later this year."

"There are no material changes to the fed funds futures markets, which is still priced for a little more than two hikes for the rest of 2018."