Tug of war between markets and Fed continues

"We have seen the economy progress over the last several months in exactly the way we anticipated," Yellen said in a press conference(pic) following the end of a two-day policy meeting. "We have some confidence in the path the economy is on." - Reuters

Will the Fed prevail this time?

WITH the path of future rate hikes, the tapering of the Federal Reserve’s (Fed’s) balance sheet, growth and inflation, views all in play, the Federal Open Market Committee’s (FOMC) June 13-14 meeting represented a key event for markets; the Fed did not disappoint.