Fed Fudge

Yellen_1In today’s post-meeting statement, the Fed is trying to keep their options open and separate signal from noise. If employment and inflation continue to improve, they will raise rates in March. But given the strengthening dollar, widening credit spreads, weakening oil prices and international turmoil, the Fed will delay the next rate hike should the economy flatline or worse. Note, there has been no major change in policy.

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