stay pat

"The data is in line, which is good news, especially in terms of inflation year over year, and you can see that the yields are coming down, and the dollar is coming down. "Markets are moving higher and stocks are also moving higher because this is good news for markets and it means the Fed will likely stay pat on rates, skip this month, and leave the door open for rate hikes in July based on data.

Some in the market still hope that the Fed will stay pat on rates.

All of that means that the market is ready to believe the Fed may just stay pat and not hike next week, with peak rates not far off.

Coach Ron Rivera and general manager Martin Mayhew both said Washington never got close on a deal, preferring to stay pat.

Fed officials unanimously agreed to leave rates unchanged at last month’s policy meeting and signaled that rates are likely to stay pat for the time being without a substantial change in their economic outlook.