U.S. Federal Reserve Interest Rate Decision
As we expected, the U.S. Federal Reserve (FRS) made it clear that it paused crackdown on monetary policy. At the Federal Open Market Committee (FOMC) meeting the American officials formally confirmed that they could suspend a reduction in their balance sheet.
Investors embraced the announcement of the government watchdog. As a result, the dollar is tumbling, the stocks and bonds are spiking. There is a positive trend in the market now, but we all know that the market often brings surprises.