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FOMC Instant Reaction: Hawks take triumphant flight

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    As we (along with everyone else who was paying attention) anticipated, the Federal Reserve did not make any changes to monetary policy in its October monetary policy meeting. Despite the lack of action, the Fed’s accompanying statement still managed to come off as hawkish, as the key comments below illustrate (emphasis mine): FED REMOVES LINE THAT GLOBAL DEVELOPMENTS MAY RESTRAIN GROWTH U.S. ECONOMY `HAS BEEN EXPANDING AT A MODERATE PACE' LABOR MARKET SLACK HAS DIMINISHED SINCE EARLY THIS YR

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