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Fed result summary

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Posted by : nifm
30 July, 2015, 4:36 PM
Fed reserve is also called Interest Rates, Fed Funds Rate. In short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.   Fed reserver is scheduled 8 times per year.    How it effect? When Interest rate will increase then that will be good for currency.   On 29th July in fed meet there is no changes in interest rate. The Fed characterized economic growth as moderate but said inflation indicators "remain low." The committee noted that "business fixed investment and net exports stayed soft." However, the FOMC characterized job gains as "solid," something the market interpreted as perhaps hawkish for the future of rate hikes and keeping September in play for a move.   "The Fed did not put itself in a position where it had to hike at the next meeting," Dan Greenhaus, chief strategist at BTIG, said in a note. "There is plenty of time between now and the September meeting for FOMC officials to prepare markets for a September hike."   (Source by cnbc)

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