The US dollar is ripping higher on the Fed decision but it’s not clear why.
There are two slightly more hawkish developments in the statement. The first is a second dissent as Fisher combined with Plosser. The second thing is that 14 Fed members now see it appropriate for the first hike in 2015 compared to 12 people previously.
But all the main things, like “significant slack” in the labor market and “considerable time” before a hike is all there.
You can argue that some US dollar buyers were waiting in the wings regardless but there’s nothing in the statement that screams “but the dollar!”
