The Traderszone Network

Published in TZ Latest News 17 September, 2014 by The TZ Newswire Staff

Did the Fed miss a chance to provide clarity on rate hikes?

The FOMC statement, released Wednesday afternoon at 2:00pm, was a considerable disappointment to Fed watchers who were hoping for an indication of when Fed Chair Janet Yellen would raise short-term interest rates, which are currently near 0%. The language that would indicate a change boiled down to two words, “considerable time,” which the Fed decided to retain. Under current guidance, most Federal Reserve heads believe the first rate hikes won’t begin until 2015.