Disappointing earnings growth this morning seemed to convince traders that The Fed would likely be on hold through March (and The Fed's statement earlier in the week did nothing to help_ but after tumbling all morning, the dollar is now jumping higher because The Fed's John Williams says he "sees some arguments to raise rates in March. "
The Fed is clearly in panic mode that they have lost contro of the narrative...
- *WILLIAMS SAYS MARCH IS ON THE TABLE, DECISION DATA-DEPENDENT
- *FED'S WILLIAMS SAYS ALL FOMC MEETINGS ARE LIVE
- *FED'S WILLIAMS: INFLATION MOVING BACK TO 2%
- *WILLIAMS SAYS MARCH IS ON THE TABLE, DECISION DATA-DEPENDENT
- *WILLIAMS SAYS 3 HIKES `REASONABLE GUESS’ FOR FED RATES IN 2017
- *FED’S WILLIAMS SAYS NOT WORRIED ABOUT U.S. ECONOMY STALLING
- *WILLIAMS: INFLATION WILL BUILD UP IF WE PUSH ECONOMY TOO HARD
- *FED'S WILLIAMS SEES SOME ARGUMENTS TO RAISE RATES IN MARCH
And sure enought the algos buy it!!
