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Fed Lift-Off Timing Fuzzy: WEEK AHEAD

Fed Lift-Off Timing Fuzzy: WEEK AHEAD

5 Years ago | June 21, 2015 00:00:00

John M. Bland

Dovish Fed Surprise
The June 17 Fed meeting decision and Yellen press conference did not wind up with major surprises, but markets did not appear to be fully prepared for the tone of the Yellen press conference. While the Fed Chair reaffirmed that future policy decisions would be data-dependent, she also said that markets should not obsess about the timing of first rate hike. She emphasized that what matters most is the longer trajectory of interest rates will be gently sloping upward. After a night's reflec

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