27 Apr 2016
FOMC: domestic growth slowing, drops global fears - ANZ
Brian Martin, analyst at ANZ explained, that as expected, the FOMC left interest rates unchanged, and left the door open for a June hike.
Key Quotes:
"Whether the threshold is crossed depends on the path of US data between now and then."
"The FOMC dropped its reference to global economic and financial developments posing risks, but it noted domestic growth had slowed.
Overall, the statement was relatively market neutral. EUR/USD was unchanged and the yield on the 10-yr note was off a few basis points."
Key Quotes:
"Whether the threshold is crossed depends on the path of US data between now and then."
"The FOMC dropped its reference to global economic and financial developments posing risks, but it noted domestic growth had slowed.
Overall, the statement was relatively market neutral. EUR/USD was unchanged and the yield on the 10-yr note was off a few basis points."