Jens Nordvig Fed Quotations

People are starting to reassess Fed expectations and that's triggered the dollar move.

It's a very long time since we've had so much uncertainty about a Fed meeting. That's what's making the situation so volatile.

Data like this support the idea that not everything in the U.S. is strong. The Fed will require strong growth rate to keep going with rates.

A further significant upward shift in rate expectations seems unlikely in the near term given the current Fed language and the uncertainty about the strength of the data ahead of the March meeting.

The dollar is going to have a hard time. Investor expectations for the Fed will run out of steam.