Market Update
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12:30 pm : The latest FOMC Policy Statement was just posted. According to the statement, the Fed believes that the economic recovery is continuing at a moderate pace, though somewhat more slowly than the FOMC had expected. However, the FOMC expects that the pace of the recovery will pick up over coming quarters. They did not actually trim the forecast, as some had speculated.
Additionally, the FOMC continues to anticipate that economic conditions are likely to warrant exceptionally low levels for the federal funds rate for an extended period of time. As such, the FOMC has kept its target rate at 0.00% to 0.25%. The Fed is still planning to complete its purchase of $600 billion of longer-term Treasuries by the end of this month.
Neither the stock market nor the dollar has shown much of a reaction to the announcement. That has left both to trade flat. DJ30 -17.29 NASDAQ -2.12 SP500 -0.85 NASDAQ Adv/Vol/Dec 1122/694 mln/1279 NYSE Adv/Vol/Dec 1703/290 mln/1200
12:00 pm : A better-than-expected earnings report from FedEx (FDX 91.61, +2.48) has the stock testing its monthly high. The strength of its report has helped bolster buying interest in the rest of the transportation space. In turn, the Dow Jones Transportation Index is up an enviable 0.7%.
Пък днес ФОМК вика, че морето е спокойно, вълни няма (щом лихвата продължава да е около нула, значи и инфлация няма). На хоризонта айсберги не се виждат.
ФЕД продължава да купува трежърис.
Идилия.
Публикацията е от яхуу файненс.