The Trader 

Market Outlook: Doves rule the Fed roost

The Trader

As we warned yesterday, not only did the Fed’s FOMC keep rates unchanged at 2.25-2.5 per cent, reiterated that they would be data-dependant, but also possibly hinted that its balance sheet adjustment process could be halted. Many see this as a massive U-turn, the central bank bowing to market pressure in Q4 2018 and feeling the heat from President Trump.

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