The Fed kept the rate unchanged at 3.75%.
Waller's rhetoric wasn't as bullish as the market hoped.
The bottom line is:
inflation is still a problem, the situation with Iran and oil adds risks, so the Fed will be watching the data for now.
So it's not hard negative, but it's also not a doveish tone.
Waller's rhetoric wasn't as bullish as the market hoped.
The bottom line is:
inflation is still a problem, the situation with Iran and oil adds risks, so the Fed will be watching the data for now.
So it's not hard negative, but it's also not a doveish tone.