The Fed did the right thing. There's no need to rock the boat right now. Again the disconcerting element is the downgrade to the interest rate trajectory, which could provide solace to investor sentiment overall, given the global headwinds, the last thing we need right now was a hike in rates and any kind of hawkish projections.

Brian Dolan

Categorized in : Company News

The Fed struck a very dovish tone, marking down its projected rate increase trajectory, while noting overall resilience in the U.S. economy and the absence of inflation pressures, this should be encouraging for risk sentiment and risk assets.

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I would suggest that Yellen is still keeping a very open mind, still in no hurry to give a signal that a rate hike is imminent.

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