After a dovish FOMC, Fed speakers turn unexpectedly hawkish
Posted on March 23, 2016 at 12:42 pm GMTThe US Federal Reserve surprised markets at its FOMC meeting on March 16 when it took a much more dovish stance than what most traders had been expecting. Although a downgrade of the Fed’s projections on the US economy and its dot plot guidance of the fed funds rate had been expected, markets were taken aback by the overcautious tone of the FOMC statement. In the Fed Chair’s press conference, Janet Yellen downplayed the significance of the recent spike in [..]