The Fed said its word and it was dovish: no hike, lower expectations for rates and global worries. Fed Chair Janet Yellen meets the press to explain the considerations, talk about the global economy and the next meetings. The message is quite balanced: on one hand, international developments and a stronger dollar weigh and more confidence is needed. On the other hand, the effects are transitory, employment is improving and it’s the key and a rate hike is coming in 2015.
Here is a live blog of the press conference, where we hear more about the arguments for the decision and a hint for the future.
Read the rest of the article Yellen live blog – global events cause delay, but hike still on the cards in 2015