Morgan Stanley on the Fed FOMC meeting June 15 & 16 2021
Snippet / preview from MS on what they see coming from the Federal Open Market Committee meeting this week
- we expect especially notable near-term upward revisions to inflation projections
- we think the most likely outcome for the dot plot will show an even split among the Committee (9 vs. 9) on rate hikes in 2023
- Incoming US economic numbers have been overcoming necessary hurdles, and keeping the FOMC on track for its balance sheet discussions
- FOMC to maintain its view that "labor demand remains robust, and labor supply will soon begin to catch up to it.