Market participants were focused on the specific line “it might be appropriate to raise the federal funds rate again fairly soon if incoming information on the

GBL: No Hurry

Global Markets Daily by Saktiandi Supaat

FX Research

Market participants were focused on the specific line “it might be appropriate to raise the federal funds rate again fairly soon if incoming information on the labor market and inflation was in line with or stronger than their current expectations…” The words “fairly soon” were taken to be soon but not as soon as next meeting. Probability of a rate hike in March as priced by the Fed funds futures remained around 35% at last check. Dollar slipped after the release..