Mar 16

“Data Dependent” Fed Chickens Out Again: Blames “Global” Risks For Unchanged Rates, Cuts Rate Hike Forecast:

Not too dovish (upgrade uncertainty), not too hawkish (lowered rate hikes), a goldilocks statement, with just a little less inflation and just a little less GDP growth, and just two more quarter of near-ZIRP rates is what it takes for the world to get it all together. 

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