
The Fed blackout is over and now we get to hear every Fed member says a different version of "wait and see".
- There is continued momentum in the economy though there is uncertainty
- Fed can take its time to look at data and policy changes
- Business contacts are optimistic
- The Fed has not finished the job on inflation yet
- The Fed has promised 2% inflation and will dedicate itself to that
- The Fed is in a good position to wait and see