While the Fed’s policy statement emphasised rates would stay low for now, its rate projections suggested some officials might have in mind a slightly more aggressive path of rate increases next.
WASHINGTON-The Federal Reserve indicated Wednesday that it was done raising interest rates for now, fueling a market rally. Officials voted to hold their benchmark rate steady and delivered an.
· It looks like market participants got too far ahead of the Fed in the last few weeks. There has yet to be a sufficient weakening of the data to justify.