JPMorgan: The June FOMC meeting is a "non-event."

ChainCatcher news, JPMorgan's chief economist Mike Feroli stated: The May employment report is almost "tailor-made" for the Federal Reserve, perfectly reinforcing their current inclination— to remain on hold and patiently wait for developments in employment and inflation to determine future policy direction.

This makes the June Federal Open Market Committee (FOMC) meeting a "non-event."