The Federal Reserve left fed funds rate at 0-0.25% and bond-buying at a $120 billion monthly pace. The central bank already pledged to reduce bond purchases only when it sees "substantial further progress" in the economic recovery and inflation averaging above its target of 2 percent.
Still despite rising inflation the Federal Reserve remains dovish and signals that interest rates will remain near zero for a very long time. Therefore, one should expect that the QE programme will remain at current or even higher pace - also for a long time. The message seems positive for stock markets indices.
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوالThere are no new references to tapering in the statement. Officials probably have discussed eventual tapering of stimulus and the mechanics behind it but most investors believe any details may be revealed only at the Jackson Hole symposium next month. Now we look forward to Jerome Powell's press conference, which is scheduled to begin at 7:30 pm BST. Investors will pay attention to the Chair Fed comment on inflation. However, after his last speech to Congress, no major changes are expected.
EURUSD fell after FED decision is testing lower limit of the wedge formation.Source:xStation5
