Fed decision depresses markets despite positive outlook

fomc

Markets reacted badly to the Federal Open Market Committee (FOMC) statement on Wednesday despite the central bank flagging signs of recovery.

The FOMC was more upbeat on economic activity, saying it had picked up following the severe downturn - a departure in tone from August, when it said only that activity [was] levelling out. The committee soothed fears of a rate hike in the near future by re-iterating its commitment to keep the federal funds target range at its current level "for an extended

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: