Will the Greek Crisis slow the Fed’s decision to hike rates?
Tim Duy of Fed Watch says “The Fed was already approaching the first rate hike cautiously, wary of even dipping their toes in the water.” Now “The crisis in Greece will make them even more cautious. Like their response to the first quarter data, until they see a clear path, they will be on the sidelines. That said, given the plethora of warnings not to underestimate the global impact of the crisis in Greece, one should be watching the opposite side of the story. Solid data and limited Greece impact would leave December at a minimum, and even September, in play.” A good little wrap on the Fed, Greece and how it’s all connected here: (VIEW LINK)