In observance of Memorial Day, all Peapack-Gladstone Bank locations will be closed on Monday, May 28, 2018.
The Weekly Economic & Market Recap
May 25, 2018
The FOMC minutes released on Wednesday gave further insight into the Fed’s stance on the current inflationary environment. It was noted that a majority of the FOMC members expect inflation to potentially overshoot the 2% target for a period of time given the recent economic momentum provided by years of extremely accommodative monetary policy, tax reform and deregulation. However, they are not overly concerned that it will significantly overshoot the target.
Click below to listen to this week's Peapack-Gladstone Bank Market Report as heard on WCBS NewsRadio 880.