Again Plosser and fisher opposed the majority preferring no change. This was not out of expectation but the statement has referred this time to inflation to be moderate. The decision to cut by .25% was widely expected. The fed did not surprise the market again. The greenback can find support as the statement is looking cheering this time than before and it appreciates the inflation upside risks again expecting it to moderate and in line with expectation cutting by just .25% can signal a close Read More...

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