BREAKING: FOMC meeting results
FXBAZOOKA.com - US dollar gained after the Fed announced its meeting results.
As expected, the Fed ended QE (monthly bond purchases) which used to have negative impact on the USD.
Federal Reserve was confident about the US economic recovery and pointed out that the “labor market conditions improved somewhat further”. The central bank didn’t seem disturbed with the recent financial market volatility.
As a result, investors started to bet on an interest rate increase sooner than previously expected, even though the Federal Open Market Committee maintained its pledge to keep borrowing costs low for a “considerable time.”