The Fed Just Found Its Next Excuse Not To Hike Rates

As June looms, The Fed - having dropped 'some' of its global event risk language in the latest statement - is now desperate for an excuse to not hike rates (or face a total loss of credibility). Judging by Fed's Kaplan, they just found it...

  • *KAPLAN SAYS FED WILL WATCH U.K. POLLS ON BREXIT CLOSELY IN JUNE

Which is a problem as 'Brexit' just moved into the lead among YouGov polls.

 

 

Either Brexit or market turmoil or a terrible jobs number...

  • *KAPLAN SAYS IF ECONOMY IMPROVES IN NEXT MONTHS, WILL BACK HIKE