While the Fed is clearly hinting that lower crude inflation doesn't bother it because "recent declines in energy prices have boosted household purchasing power" and is generally more hawkish on the economy and the labor force, the clearest message from the Fed is simple: or so it would like to convey. At 569 this was the shortest FOMC statement since November 2012! Which can only mean one thing: an attempt at renormalization, if only for now.
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So what happens next if the relentless USD surge continues with the markets expecting a Fed rate hike? We'll find out soon enough.
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