by Chris Gaffney
Good morning or more appropriately ‘Top o’ the mornin’ and Happy St. Patrick’s Day to all of you! I have to admit that today is one of my favorite holidays as I’m ½ Irish (along with just about everyone else today!!). The office is celebrating with a pot luck lunch today featuring corned beef and cabbage and a cooking contest between all of the different departments – should do wonders for my diet! Chuck will miss out on our Irish celebrations but is undoubtedly celebrating in his own way as his spring break buddies are arriving in Jupiter.
Clients of the EverBank World Markets desk certainly had cause to celebrate yesterday as the currencies and precious metals staged an impressive rally following the FOMC decision. The members of the Federal Open Market Committee decided to hold steady on rates. But the real excitement came in the form of their new ‘dot’ projections of where interest rates are headed.