Investors will have at least one more month to worry about whether the Federal Reserve is raising rates.
During a conference after the announcement, Federal Reserve Chair Janet Yellen stressed the path of the Fed's first rate hike in nearly a decade is more important than its timing.
"One of the reasons for not hiking, I think, is that they didn't want to continue to increase the strength of the dollar, which would reverberate back into the United State," said Bill Gross, manager of the Janus Global Unconstrained Bond Fund.
On Wall Street, the Fed's deliberations have been 2015's biggest drama.
The drama will get even bigger once they do raise the interest rates.
ReplyDeleteAnd it will happen until the end of this year!
ReplyDeleteLet’s see if this spurs more risk appetite for next week.
ReplyDeleteGood post, thank you.
ReplyDeleteGreat post. Thanks.
ReplyDeleteThanks for the post.
ReplyDeleteThe Fed admitted that inflationary pressures have not yet reached a level that justifies a rise in interest rates.
ReplyDelete