US Fed Reserve Drops ‘Patient’ Pledge On Interest Rates…But Hikes Coming

Reacting to the statement Mr de Meo said: “Dropping the word ‘patient’ and confirming that June is a possibility hints at a hawkish tone, but the dollar sell-off and equity rallies best capture the sentiment of a disappointed market.”

In referring to “non-committal views” by the FOMC on rate hike timings, de Meo noted: “Her [Yellen’s] message is clear: the Fed will be data-dependent but no, she will not chain herself to numeric data targets.”

Richard de Meo quoted in Forbes

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