Effective forward guidance on interest rates causes market participants to lower their expectations and uncertainty about future path of interest rates and to anticipate that easier financial conditions will persist well in to the future. (newyorkfed.org)
His remarks can't be considered a roadmap for the future path of interest rates; he made a point of stating that every policy meeting is «live,» meaning the latest data could alter assumptions. (canadianbusiness.com)
Global stocks have pushed to new highs, outdoing previous records set in 2015, driven by strong economic data in the U.S. and comments by the Federal Reserve on the future path of interest rates. (cnbc.com)