Peter Schiff: The Fed Is Bluffing, No Rate Hike in 2015

Peter Schiff: The Fed Is Bluffing, No Rate Hike in 2015

Investors have long been fixated on the word "patient," which the Federal Reserve removed from its statement Wednesday following a two-day FOMC meeting. But stocks rallied and the dollar fell as the Fed also lowered its forecasts for growth and inflation. That suggested to investors rate hikes are coming later rather than sooner.

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