WASHINGTON–The Federal Open Market Committee will begin its two-day policy-setting meeting.
NAFCU Chief Economist and Director of Research Curt Long does not foresee the committee raising interest rates during this meeting.
“Markets are still on edge following the turbulence of January and early February,” Long said. “But as long as there isn’t a repeat in the coming months or an improbable weakening in inflation, the Fed is likely to raise rates in June.”
Long offers additional views in a NAFCU Today video.
Also this week:
- On Wednesday, the House Small Business Committee will review the Small Business Administration’s management and performance challenges from the perspective of its inspector general.
- On Wednesday, the House Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade will hold a hearing looking at digital currency and blockchain technology.
The House Appropriations Committee is holding numerous hearings on various agencies’ budgets for fiscal 2017, including for the Federal Communications Commission, Treasury Department and the Office of Personnel Management