The FOMC Minutes of July meeting showed on Wednesday that members continued the review of monetary policy strategy discussing potential changes to statement of longer-run goals. The FOMC further noted that participants agreed that refining the statement was warranted in light of “fundamental changes” in the economy over the past decade including low-interest rates and “persistent” disinflationary pressure. Market reaction The US Dollar Index showed no immediate reaction to the FOMC Mİnutes and was last seen gaining 0.4% on the day at 92.68. Additional takeaways as summarized by Reuters “Revised long-run statement of goals could make monetary policy clearer and help households and businesses make better decisions, helping fed meet its inflation and employment goals.” “Staff assumed additional fiscal stimulus would be enacted beyond that anticipated in June but positive effect on economic outlook was outweighed by risks of increasing spread of the virus.” “Policymakers saw a sizable rebound in consumer spending, less improvement in the business sector.” Developing story… 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 EUR/USD drops like a stone as the bearish FOMC minutes are digested FX Street 2 years The FOMC Minutes of July meeting showed on Wednesday that members continued the review of monetary policy strategy discussing potential changes to statement of longer-run goals. The FOMC further noted that participants agreed that refining the statement was warranted in light of "fundamental changes" in the economy over the past decade including low-interest rates and "persistent" disinflationary pressure. Market reaction The US Dollar Index showed no immediate reaction to the FOMC Mİnutes and was last seen gaining 0.4% on the day at 92.68. Additional takeaways as summarized by Reuters "Revised long-run statement of goals could make monetary policy clearer and help households… 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.
