Pages Navigation Menu

United States news, headlines, events , stories and all that is trending today

Un-Dovish Fed Stays On Hold, Upgrades Economy, Suggests “Risks Have Diminished”, George Dissents

Following the longest streak of positive economic surprise in history, the stability of China, the Brexit non-event, and equity market record highs, it is perhaps no surprise that The Fed – once again – punted its decision to hike rates, although it made it clear that a rate hike is far closer than the market expects by adding language that “near-term risks to the economic outlook have diminished.”

This all suggests rising probability of rate-hikes as the statement may not be full hawktard but is shifting that way. And further suggesting the Fed is turning Hawkish was the first dissent in over a year, when Kansas Fed’s Esther George dissented. …

This post is from zerohedge.com/fullrss2.xml/rss.xml. Click here to read the full text

The best life hacks ever revealed to help make things easy everyday

Follow us on twitter @UnitedStatesTD

Also, Like us on facebook

Leave a Comment

Your email address will not be published. Required fields are marked *