Wednesday, 18 March 2015

The Patient is dead.

The Fed has dropped "patient" from its statement.

The dot plot can be found here:
http://www.federalreserve.gov/monetarypolicy/fomcprojtabl20150318.htm

Front Dec dollars have rallied 10 ticks on the more benign plots, the S&P is up 30 points and ten year Notes are up three quarters of a point. 

Let's hope Europe doesn't spoil the party.

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