FOMC: Dropping the patient, but not impatient to raise rates

FOMC: Dropping the patient, but not impatient to raise rates

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The Fed decided to hold steady on rates, but it did make an important change to the FOMC statement which opens the door to future rate cuts. The Fed removed the "patient" sentence and replaced it with the sentence that states the Fed "will act as appropriate." The following are excerpts of.

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Chair Yellen indicated that all meetings after April are on the table for a rate hike, and 15 out of the 17 FOMC members expect to tighten monetary policy in 2015. However, a June rate increase may be less likely than previously thought because economic data may not provide the support necessary for tightening monetary policy.

But the forecast also confirms the next move is still expected to be an increase in the key policy interest rate, though that is not now expected. expected to drop off and annual inflation has.

Yellen has said the promise to be patient means the FOMC would probably wait at least two meetings before raising rates. She will hold a press conference at 2:30 p.m. in Washington.

Today, world markets are keenly awaiting the outcome of an all-important FOMC’s March meeting. is any insights into the conditions needed to drop their patient guidance and possibly raise rates.

The new signals were contained in a policy statement that ended an era by dropping an assurance that the Fed will be "patient" in raising rates, and in a fresh set of estimates that lowered the.

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The Federal Reserve is poised to raise interest rates soon, but not imminently. The Federal Open Market Committee removed the word "patient" from the statement released following this week’s.

The Federal Open Market Committee voted Wednesday not to raise interest rates, but it has dropped "patient" from its guidance, setting the stage for a rate hike in the second or third quarter.

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Fed minutes could show growing impatience with ‘patient’. to see whether any of the top Fed officials were actually impatient and wanted to drop that phraseology.. a bias to raise.

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