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Tag: Fomc

FOMC Meeting: Data-Dependent and Dovish

The end of today’s Federal Open Market Committee (FOMC) meeting included fresh dovish language in its policy statement – but the market-friendly attitude failed to excite investors who were hoping for more.

As widely expected, the U.S. Federal Reserve announced it will stay the course on its bond tapering. Anticipated – but not as expected – the policy statement shed some light on eventual interest rate hikes.

The post Today’s FOMC Meeting: Data-Dependent and Dovish appeared first on Money Morning – Only the News You Can Profit From.

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