Fed Rate Hikes Are Off The Radar For A Reason

Market participants are no longer focusing one-time obsessive game of watching for hints of Fed rate hikes to come. Those central bank bread crumbs left on the trail, which was previously the focus of Wall Street analysis ad nausea, is now, with an FOMC meeting approaching this week, virtually nonexistent. Next Wednesday's Federal Open Market Committee meeting will likely come and go with not much more than a yawn. There is a reason for this, Capital Economics notes. Fed watchers around the world will engage in a game of wait and see what emerges from the Trump administration in terms of fiscal stimulus, tax cuts and trade wars before any dots can be realistically plotted.