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

    Bookmark and Share

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

    Spread the Word!

    Permalink Print Comment
    Register Login