The Federal Reserve ushers in a "mini monetary policy revolution," with inflation becoming the core response mechanism.

ChainCatcher news, according to Golden Ten Data, Lombard Odier's Head of Macro, Florian Ielpo, believes that market trends reflect a repricing of the Federal Reserve's credibility and independence. Inflation has clearly once again become central to the Federal Reserve’s reaction function, and someone is at the helm. He pointed out that the Federal Reserve "has adjusted its tone; the messaging is more concise and directive, and no longer emphasizes any dissent—most of the wording from previous statements has been discarded. This should be seen as a small monetary policy revolution."