Fed: Summer deadline for patience and delayed cuts – TD Securities
News brief
TD Securities economists say the FOMC kept policy unchanged and Powell downplayed the SEP, but they see the Fed’s patience on inflation normalization expiring by late summer as an Oil shock lifts headline inflation.
Why traders care
For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment.
What to watch next
- Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
TD Securities economists say the FOMC kept policy unchanged and Powell downplayed the SEP, but they see the Fed’s patience on inflation normalization expiring by late summer as an Oil shock lifts headline inflation. For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
