"Data Dependent" Fed Chickens Out Again - Blames Global Uncertainty For US Rate Hold

rohanibuang61rohanibuang61 Posts: 2,379 Gold ✭✭✭✭✭
With gold up 15% since The Fed hiked in December (and stocks lower) and the market pricing a hike today at just 4% (June 53%), it is not surprising that Janet panicced and folded again in the face of "unequivocally good" data based on what The Fed has said it monitors. Of course there were plenty of excuses:

FED MEDIAN FORECAST IMPLIES TWO 2016 RATE HIKES VS FOUR IN DEC
FED SAYS GLOBAL ECONOMIC DEVELOPMENTS CONTINUE TO POSE RISKS
FED LEAVES RATES UNCHANGED AT 0.25%-0.5% AS EXPECTED
FED: GEORGE DISSENTED IN FAVOR OF A RATE RISE TO 0.5%-0.75%

Read more at

http://www.zerohedge.com/print/526588
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