Hilsenrath's article may be gated at the Wall Street Journal, so, in brief:
- Fed likely to hold at the meeting next week
- To leave open-ended when they'll next raise rates
- Citing uncertainties over markets and global growth
- Yellen to craft a message that gives the Fed flexibility to lift rates in April or June (should the economy perform well in the weeks ahead) ... but without committing to a move in case economic data disappoint or new market turmoil erupts
Recent comments by officials showed they are relieved by recent signs the economy is weathering headwinds from slowing global growth and turbulent financial markets.
- Forecasts for growth, the labour market will be updated before the meeting
- They're weighing 'mixed signals' on inflation (which has been below the 2% goal for nearly four years)
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That's seems to be a reasonable summary from Hilsenrath, but more at the article if you can access toe journal. Link above.
The FOMC meeting is March 15 and 16.
