We heard the word "patience" from the Fed last week when the U.S. central bank backtracked from their hawkish approach to monetary policy that dominated their decisions in 2018. Patience is "the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset." The synonyms for the term are forbearance, tolerance, restraint, resignation, stoicism, fortitude, sufferance, and endurance.
The Fed pledged that they would take a more prudent approach to increasing the Fed Funds rate over the coming months, but it will be economic data that ultimately drives their decision-making process. Following