June 24, 2010

No Surprises from the Fed

  • No surprises from the Fed today.
  • First statement since recovery unfolded in which Fed had to dial back its language about recovery's pace.
  • The average estimate for the first rate hike has been pushed to the first quarter of 2011
  • The Fed remains data-driven, and if the data shows either significant improvement to labor conditions and/or significant deterioration in inflation conditions, the Fed could be quicker than expected to pull the rate trigger
  • Both equity and fixed income investors have something to cheer … for now anyway.

    • Read more comments from Liz Anne Sonders, Schwab Economist (she predicted the turn around that began May 2009) HERE

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    Filed under Articles Of Interest, Blog, market insights by Matt Hudgins

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