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- Fed’s dovish tone – a correction is expected
Fed’s dovish tone – a correction is expected
The Fed released its interest rate decision on Wednesday. The Fed dropped the word "patient" from its outlook for monetary policy, but it lowered its forecasts for growth and inflation.
The central bank said interest rate hike will depend on the economic data. The recent released data remained mixed.
It is likely that we will see a deep correction after a stronger U.S. currency.
But I remember 2010. Greece's problems became visible. The euro declined against the greenback, no matter what the economic data was released. Solid economic data from the Eurozone meant that the euro declined. The negative U.S. economic was released - the euro declined.
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