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I was at the Fed meeting on Wednesday, and I think the market got it wrong
On Wednesday, markets went wild after the Federal Reserve's latest policy statement. Stocks exploded, the US dollar tanked, gold surged, and bonds rallied. The market seems to have reacted to three main things: Federal Reserve Board Chair Janet Yellen said in a press conference that although the Fed removed the word "patient" from its statement, it would not become impatient about tightening monetary policy with interest-rate hikes. The Fed noted that it sees additional slack in the labor market and, as a result, lowered its central tendency for the unemployment rate to 5.0%-5.2% from 5.2%-5.5%. The Fed lowered ... (full story)
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- Edited 1:30pm Mar 19, 2015 1:11pm | Edited 1:30pm
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traderathome
- Joined Mar 2008 | Status: PVSRA with Traderathome | 1621 Comments
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Greenstar
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- pga123
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emanco
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frx_trader
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- Mar 19, 2015 3:53pm Mar 19, 2015 3:53pm
- Rob Mondave
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- Mar 19, 2015 4:07pm Mar 19, 2015 4:07pm
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Fx-Baron
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- Mar 19, 2015 4:32pm Mar 19, 2015 4:32pm
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usdoutlaw
- | Joined Oct 2009 | Status: Member | 78 Comments
hope for the best and expect the worst.
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Greenstar
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- naigoreip
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- Mar 20, 2015 12:33pm Mar 20, 2015 12:33pm
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redfx1989
- | Joined Mar 2012 | Status: Member | 280 Comments
take what you can take, before market take it back