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NAFCU Chief Economist Curt Long statement on FOMC announcement

WASHINGTON, DC (February 1, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Director of Research Curt Long issued the following statement today in response to the Federal Open Market Committee’s meeting announcement today.

“As expected, the Fed declined to raise rates in its first meeting since a quarter-point rate hike in December. Inflationary pressures are beginning to emerge, but not to the point that the Fed feels any immediate urgency to raise rates further,” said Long. “In its last meeting Fed officials indicated that they expect three rate hikes in 2017, but today’s statement provided no clues on when the next one may come.”

The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.


About NAFCU

The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.

Contacts

Molly Safreed, msafreed@nafcu.org (NAFCU)

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