Fed leaves rates and asset purchases unchanged
The Federal Reserve left fed funds rate at 0-0.25% and bond-buying at a $120 billion monthly pace. Fed noticed that amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened while Inflation rise largely reflects transitory factors. The sectors most adversely affected by the pandemic remain weak but have shown improvement. Fed again repeated that "The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time"
Slight volatility, dollar rather loses after the publication of the statement. EURUSD is heading towards 1.21. Source: xStation5
