The Goldman Sachs analysts offer their take on Wednesday’s FOMC decision, where the Fed pledged to maintain bond buys until the economy sees ‘substantial’ gains. Key quotes “FOMC left the funds rate target range unchanged at 0-0 25%. “Provided new guidance on the timeline for tapering asset purchases by announcing that it will continue to increase its asset holdings at the current rate “until substantial further progress has been made toward the Committee’s maximum employment and price stability goals.” “FOMC did not announce charges to the maturity composition of its asset purchases.” “Summary of Economic Projections (SEP) was somewhat more positive than we expected in terms of growth, the labor market, and inflation. “ “However, the dot plot showed only one additional participant (five total. vs. our expectation of six projecting a rate hike by 2023. “ FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Asian stocks track US stock futures higher, shares in NZ, Australia cheer strong data FX Street 2 years The Goldman Sachs analysts offer their take on Wednesday’s FOMC decision, where the Fed pledged to maintain bond buys until the economy sees ‘substantial’ gains. Key quotes “FOMC left the funds rate target range unchanged at 0-0 25%. “Provided new guidance on the timeline for tapering asset purchases by announcing that it will continue to increase its asset holdings at the current rate "until substantial further progress has been made toward the Committee's maximum employment and price stability goals." “FOMC did not announce charges to the maturity composition of its asset purchases.” “Summary of Economic Projections (SEP) was somewhat more… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
