Fed Tempers Expectations

Big Picture

June 19, 2015

The US Federal Reserve’s two-day policy meeting was the main event this week trumping Greece and its on-again, off-again debt negotiations. With economic data warming south of the border, there has been a growing sense of unease the Fed may act more aggressively when it comes to the timing and mechanics of an interest rate rise. Fed Chief Janet Yellen put much of that unease to rest during her post-policy press conference when she said the trajectory of the rise matters more than the date of the first rise and the trajectory would be long and flat.

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