Doug Henwood wrote:
> [this is more hawkish than expected (by the markets, not by me) -
> "further policy firming" are the magic words, carried over from the
> previous announcement, as was much of the 2nd graf]
I'm surprised that you're not surprised. The rate hike had to happen....but why the heavily hawkish signals...hikes as far as the eye can see...
Who are they trying to spook and why? Is it really inflation fears? Or fear of a general scuttle of the dollar?
Joanna