Hawkish Fed Serenade Accentuates Data Dependence

[kreslik.news]

This article was written by Idan Levitov, head analyst for anyoption.com.

Amid all the fanfare surrounding the Federal Reserve’s monetary policy decision, the emphasis continues to be on forward looking data as the central bank leaves the door open for possible action in the upcoming meetings.

With the benchmark interest rate left on hold at 0.50% as was widely expected, the focus now turns to the June 15th meeting of the FOMC. However, between now and then, financial markets will be closely monitoring macroeconomic developments and fundamental indicators for signs that the Federal Reserve is preparing to continue ... (read more)