First take: Don't bet on June rate hike
Wednesday, March 18, 2015 at 07:14PM
Silver Prices

The Federal Reserve is clearing the road for a rate hike this year, but the highway probably won't be open until the fall.

Analysts honed in on the word "patient," arguing that its removal from the Fed's statement, released Wednesday, would herald a rate hike, possibly as soon as June. But the Fed has tempered expectations for a rate hike at the same time.

"The statement was altered enough to suggest that June seems unlikely for a rate increase," says Kim Rupert, managing director of global fixed income analysis at Action Economics.


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