Highlights of the May 3, 2017 FOMC interest rate decision
– No change in rates as expected by all 91 economists surveyed by Bloomberg
– Growth slowdown in Q1 to be transitory, still expects economy to expand at moderate pace
The comments on household spending are a bit more upbeat than they could have been but overall there isn’t much here. They’re brushing off a weak Q1 but that’s consistent with comments from virtually everyone at the Fed.
