“The Fed may become less comfortable offering guidance on the direction of interest rates. The market is going to watch to see if they remove 'measured.”
“This is a bit of consolidation ahead of the major data that we get tomorrow. The forecast for the data is relatively optimistic, although that optimistic outlook does not seem to be played out in the markets.”
“There are expectations for quantitative easing to end in April - that's our forecast too - but it will probably take several months (after that) before they begin tightening interest rates.”
