The most hawkish part of the FOMC statement:
Inflation has moved somewhat closer to the Committee’s longer-run objective.
The least hawkish:
A range of labor market indicators suggests that there remains significant underutilization of labor resources.
The hawks wanted a taste of what’s to come, they barely got a sniff. The dollar has risen non-stop for almost two weeks, I don’t think there is enough here to sustain it. The dollar bulls bought the rumor, they’re selling the fact.
