Copy and paste '25 bps rate hike' back into the statement and leave everything else the same

Whoever wrote today’s FOMC statement didn’t have to do much. They just copied and pasted the May sentence on a 25 bps rate hike back into the statement after taking it out in June. Again, there were no dissents, even by Austan Goolsbee who has been more vocal about a stop.

Bottom line, we now have to wait for the presser to glean any new information. Pow…