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Fed Policy Meeting in the Spotlight -- March 15, 2015

Fed Policy Meeting in the Spotlight -- March 15, 2015

5 Years ago | March 15, 2015 00:00:00

 

Dropping "Patient"
The focus of traders for the past several weeks has been on the Fed policy decision on Wednesday March 18 at 14:00 EDT in Washington. the feeling increasingly has been that the central bank would remove the word "patient" from its policy statement. The word patient had been inserted in place of "extended time period" as forward guidance about a policy tightening. So when the central bank drops the word, a policy tightening will be imminent. Thus removal of the word from the policy statement is tantamount to a policy tightening. This is also an ideal opportunity for the Fed to move because the meeting features a press co

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