FX & CFD trading involves significant risk
Keeps extended pd, keeps FF target 0 to 1/4%. Vote 11-0 with no dissents. Repeats progress towards dual mandates 'disappointingly slow.' FOMC says econ recov is continuing but at insufficient pace to bring about 'significant' improvement in labor mkt conditions. Employers remain reluctant to add to payrolls. Hsehold spending picked up late 2010 but remains constrained by high unemp, tight credit etc. Although commodity prices have risen, long-term infln expectations remain stable, underlying infln measures trending downward.
FED REACT: CIBC's Avery Shenfeld says the Fed statement offered little new news. "No market impact likely, although the curve has priced in some rate hikes for late 2011 that we see as highly unlikely," he says
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.