Sentences with phrase «awaiting more substance»

Nonetheless, we would not read too much more into the Fed tightening, and, while awaiting more substance on policy initiatives, we remain cautious about predictions that the US economy will soon break out of the pattern of modest growth seen in recent years.

The US Federal Reserve (Fed) looks likely to tighten monetary policy further, as inflation and unemployment move closer to its targets — underlining the strength of the domestic economy — but, while awaiting more substance on policy initiatives, we remain cautious about predictions of an end to the pattern of modest US growth seen in recent years.