Fed's Semiannual MPR: Expects it will soon be appropriate to raise target range for the FFR

The US Federal Reserve on Friday released its semiannual Monetary Policy Report (MPR), which it normally does one week ahead of Fed Chair Jerome Powell's semiannual testimony before the US Congress. The report reiterated the Fed's policy guidance that it will soon be appropriate to raise the target range for the Federal Funds rate. 

Additional Takeaways: