U.S. Economy Facing Mounting Risks

The Fed’s decision to maintain monetary policy unchanged at the end of the June 15 meeting was widely expected by economists and investors. The weak labor market report in May and the concerns related to the UK referendum on leaving or remaining in the European Union reduced to zero the possibilities of a rate hike.

The new projections of the Fed policymakers on Fed Fund rates in the period 2016-2018

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