Market Comment | Fed’s FOMC boosts bonds and drags the US dollar

Summary

The Fed’s stance is now aligned with the markets. Committee revises down expected policy path to two rate hikes in 2016. Rates unchanged and some downward revisions to projections, but strong employment. FOMC will “monitor inflation developments closely” as transitory factors fade. All meetings are “live” but June and December seem most appropriate for rate […]

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