More from Feds Mester: There is no decision yet on the need for July rate hike

<ul><li>There's no decision yet on the need for a July rate hike, more data is needed.</li><li>The outlook for the terminal federal funds rate matches, or is just above, June's median forecast.</li><li>Housing inflation is expected to ease, but it's still an upside rise for price pressures.</li><li>There was a preference for a rate hike in June, but there's an understanding as to why there wasn't any action taken.</li><li>There's full awareness that the economy's performance could surprise officials.</li><li>The economy would be better off if the federal funds rate goes higher.</li><li>There aren't signs of excessive credit tightening.</li></ul><p>The Federal Reserve will meet on July 27 and 28th. The expectations are for a 25 basis point hike by the market.</p>

This article was written by Greg Michalowski at www.forexlive.com.