Fed leaves interest rates and the QE program unchanged. It announces a long-term QE program.
The Federal Reserve left its benchmark interest rate and asset purchases unchanged which was widely-expected. Fed is committed to using its full range of tools to support the US economy. Median interest rates for the coming years remain unchanged. QE also remains unchanged. The dollar fell after the decision and TNOTE went up.
At the same time, there is a significant change in terms of inflation projections. These go up a bit but remain at moderately high levels. Taking into account the Fed's declaration that it will average inflation in terms of achieving the target, the new forecasts do not determine changes.
There is a slight change in terms of projections and inflation. Median rates unchanged. However, you can see that some bankers see the potential for increases as early as 2022. Source: Fed
EURUSD, H1 interval. Source: xStation5
