Did Janet Yellen Just Delay Rate Hikes Further?

24/7 Wall St.

Stock Split ImageJanet Yellen and the Federal Reserve’s Federal Open Market Committee (FOMC) have not made any change in interest rates. Again. While that no-change was expected, there just wasn’t really any serious rate hike scare in the statement beyond a strong labor market. It is almost as if Yellen and the Fed are keeping the door open to not starting the interest rate hike cycle until after 2015 or at least very late in the year rather than the September/October timeline.

One more hawkish tone came around the current employment situation having improved. Still, the overall tone remains very dovish. in fact, the vote was 10 to 0 to keep the Fed Funds at the never-ending 0.00% to 0.25% target.

Also, the first formal rate hike is expected to only go to 0.25% — not even up to 0.50%. Now investors have to stomach there not being a press conference after…

View original post 308 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s