Preparing for a downturn isn't exactly hawkish but the FOMC is giving themselves some wiggle room
Actually the BOE's gov Carney came out with similar comments suggesting that a need to raise rates if only to give some room to cut again if need be
This stance /caution is understandable but it's hardly the start of a concerted move higher
GBPUSD has been up to test the 1.5100 res I highlighted earlier only to fall back to 1.5060 as I type
EURUSD running into tech res between 1.1000-20 and posted 1.1012 before 1.0968 now
Expect more indecision and shadow boxing
Yellen still conducting Q&A
