A Dove in Hawk’s Clothing – Ep. 49
Jan 29, 2015•17 min
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Episode description
* Fed's official statement released yesterday
* Received by the market as hawkish, Fed is still reiterates "patience"
* The statement noted unguarded optimism about the U.S. Economy
* Fed ignored unstable markets, Europe, oil prices and strength of the dollar
* Response: the market sold off and the dollar rallied
* Gold declined on Fed's expectations
* The Fed's underlying goal may be to talk the dollar up and talk the markets down
* Strong dollar buys time
* Continued "patience" indicates Fed's true agenda
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