Fed Deluge of Dots and Discord Leaves Global Markets Baffled

Updated on
  • Forward guidance proving less useful at mapping rate hikes
  • Data dependency creates market uncertainty in interpretation

Warsh: Fed Has Become Prisoner to Market Expectations

The U.S. Federal Reserve’s decision next week on whether to raise interest rates is a vital issue for markets and investors around the world. Problem is, all the speeches, forecasts, meeting minutes, press conferences and media interviews given by Fed officials in the lead up is muddying, not clarifying, the outlook.

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