![The Fed: More hawkish than before, less hawkish than feared](/.imaging/mte/efg-revamp/547x300/dam/efg/insights/2021/Measuring-US-inflation/Insight_Infocus_Measuring_US_Inflation_530x395px.jpg/jcr:content/Insight_Infocus_Measuring_US_Inflation_530x395px.jpg)
The Fed: More hawkish than before, less hawkish than feared
As expected, the Federal Reserve left interest rates unchanged at its meeting on 1st May although an adjustment was made to the balance sheet policy. In this Macro Flash Note, Daniel Murray provides an overview and discusses the implications and outlook.