With the economy expanding at a healthy pace, the FOMC is likely to maintain the upbeat assessment of growth outlook, paving the way for two more Fed Fund Rate hikes this year, most likely in September and December. Meanwhile, on Friday the economic data flow brings the latest employment report. Another firm increase in non-farm payrolls of close to 200k appears to be in the cards, which might nudge the unemployment rate lower, from 4.0% to 3.9%.