Good morning! Here are the 10 things you need to know about in markets today. The Fed lost patience. The Fed dropped “patient” from its Federal Open Market Committee (FOMC) statement after the two-day meeting ended on Wednesday. Analysts were looking for that to signal a June or September rate hike. But the dollar got crushed. The Fed noted the decline in recent economic data and suggested inflation would remain muted for longer, making a rate hike seem further away even as “patient” was dropped. The dollar sank rapidly against the euro and pretty much every other currency, reversing serious …read more
Source: Business Insider
