Even when conditions warrant a rate hike, the Fed is pulling a caboose by telegrahping even more rate hikes in the future via forward guidance; and this may be too much pressure for markets to contend with.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2016/06/07/banes-of-forward-guidance-rising-rate-srepstans.html?DFXfeeds=forex:fundamental:daily_briefing:session_briefing:daily_fundamentals
The Banes of Forward Guidance in a Rising Rate Environment
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