Economic Take

The Fed Drops the Patient Mantra

June 25, 2019

At its meeting last week, the Fed changed its approach to future rate hikes—it will now be monitoring the economy closely to determine the best actions to sustain the expansion. In the coming weeks, certain developments will be crucial to understanding the Fed’s next move, including: jobless claims and the June jobs report, the result of the G-20 gathering in Japan, and the evolution of trade disputes between the US and China.