The Federal Open industry Committee (FOMC) began its two-day policy meeting on Tuesday morning, with Wall Street eagerly awaiting the Fed Dot Plot. Investors now anticipate that the Federal Reserve won’t move to cut finance charge rates after the March meeting, but still debate the number and timing of future cuts.
Federal Reserve economic organization of Dallas former president Robert Kaplan joins Yahoo money management to break down the current economic backdrop and how it impacts the Federal Reserve’s policymaking.
Kaplan elaborates on macroeconomic trends: “The economy remains resilient, however. And the job industry remains very strong. There’s been a little bit of increase in labor supply which is helpful to the Fed, and that’s why the unemployment rate ticked up. But the truth is, there’s still very strong demand for labor…The big cross current that I think the Fed is dealing with, and they may or may not want to acknowledge, is fiscal spending.”
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