JPMorgan Chase: June FOMC meeting is an 'insignificant event'

According to BlockBeats, on June 7th, Mike Feroli, Chief Economist of JPMorgan Chase, stated that for the Federal Reserve, the May employment report is almost tailor-made, which reinforces their current tendency to remain inactive and patiently wait for developments in employment and inflation to determine future policy direction. This turned the June Federal Open Market Committee (FOMC) meeting into an 'insignificant event'.