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European Session: FOMC Signals Low Rates To Continue Contingent On Employment And Inflation
11/05/09 by Daily Forex Snapshots
Filed under Forex & Futures
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Yesterday’s key event was the US FOMC meeting where policymakers kept rates on hold as expected. The headline aside, markets were more keenly awaiting the accompanying statement for an insight into how Fed officials have incorporated recently improved US data into their policy view, and whether this environment of cheap liquidity would continue going forward.
True to form, the statement was… |
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