FOMC REACTION: ECONOMIST GLENN HABERBUSH OF MIZUHO SAYS

Economist Glenn Haberbush of Mizuho says FOMC hike was "as
expected," and statement was "tweaked" to be "less conclusive that
additional tightening actions will be needed." He notes FOMC remains
hawkish on risks to the inflation outlook, and Mizuho continues to look
for pause at the Aug 8 FOMC -- which is 2 employment reports and one CPI
report away.