Analysts at Scotiabank explained that financial market volatility and credit stress is something policy makers will have to consider. Key Quotes: "But the US economy is tracking decent growth trends (2.5% in Q1, according to the Atlanta Fed’s GDPNow model) and recent data and surveys have indicated a further tightening in the US labour market." "We think the idea that the Fed will have to somehow concede that it has made a policy misstep is well wide of the mark." "Policy makers should not feel especially compromised by market-driven events at this point as they may prove transitory." For more information, read our latest forex news.