State Street Fed Comment: Now It's A Waiting Game Again

Comment from Lee Ferridge, head of North American macro strategy, State Street Global Markets, on the US Federal Reserve's interest rate decision:

“The consensus going into today’s announcement was fairly split on whether rates would be raised.  After reading the statement, it seems that concerns over China, late-summer volatility and stubbornly low inflation influenced their decision to keep rates unchanged. Additionally, the Fed’s international focus has increased the importance of US dollar strength, with the dollar becoming the doorway by which the global economy affects the domestic one. Now it’s a waiting game again and every upcoming meeting is on the table so long as data and conditions can justify a move. However, there is no guarantee that the conditions will be satisfactory ahead of the end of 2015.”