Video: What the Fed Did?
|The Federal Reserve held its FOMC meeting Wednesday July 27th
The FOMC is the branch of the Federal Reserve that determines the monetary policy
So, what they did?
The FED left rates unchanged, offered a hawkish statement
US near-term risk to the economic outlook diminished
Moderate rise in odds of a December hike after hawkish statement
Dollar reacted higher, but it reverses initial gains quickly, falls to fresh lows
EUR/USD jumped to 1-week highs above 1.1060
GBP/USD broke above 1.3200
And the gold trade as high as 1,340; 2-week highs
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