Pulaisi said the number of dissents at this week’s Fed meeting will be watched as a gauge of FOMC internal disagreement. Blerina Uruci, Pulaisi’s US chief economist, expects a 10–2 vote with Logan and Hamack dissenting in favor of a 25bp hike. She said if dissents exceed three, even if the Fed holds in July, that would be a clearer signal the committee is moving toward a September rate increase. Her baseline forecast is for the FOMC to keep rates unchanged over the next 12 months. Uruci added sh

Pulaisi said the number of dissents at this week’s Fed meeting will be watched as a gauge of FOMC internal disagreement. Blerina Uruci, Pulaisi’s US chief economist, expects a 10–2 vote with Logan and Hamack dissenting in favor of a 25bp hike. She said if dissents exceed three, even if the Fed holds in July, that would be a clearer signal the committee is moving toward a September rate increase. Her baseline forecast is for the FOMC to keep rates unchanged over the next 12 months. Uruci added she believes Wash is less inclined toward a September hike than current market pricing implies.