U.S.: The Fed's Decision: Was It Economics Or Politics?

Maybe a little of both, but you still can't rule out another rate hike

Based solely on economics, trying to guess what Federal Reserve policymakers would do at their May 20 meeting was one of the toughest calls in recent memory. Fed watchers were sharply divided, and none held their views with any great conviction. On political grounds, however, the choice to leave interest rates unchanged was a clear winner.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.