Dropping “patient” guidance from March FOMC statement now seems to be a done deal: UniCredit

Quotes from UniCredit Research:

- Needless to say that today's jobs report supports our view that the Fed will begin to normalize its policy stance in June. 

- And it now seems to be a done deal that the "patient" guidance will be dropped from the March FOMC statement. 

- In fact, the debate about that language change was likely shortened significantly by yet another sign that the US labor market is red hot.