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Why the Fed needs to end this 'agony'

Thursday's statement from the US Fed is one of the most eagerly anticipated communications from the central bank in years. While markets are only pricing in about a thirty percent chance of an interest rate rise, traders across the world are desperately hoping for more clarity on FOMC policy.

Michael Boye, a Fixed Income trader at Saxo Bank says Fed Chair, Janet Yellen needs to 'end the agony'. He says that if we get clear direction as to future policy, we could see a relief rally in many asset classes. The tone of her statement will be key, he says.

01:59 minutes
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