01.05.2014 - Federal Reserve again reduced the amount of asset purchases
Another statement of the Federal Reserve on monetary policy did not bring surprises. The interest rate remained in the range of 0-0.25%. The volume of assets purchases decreased by $ 10 billion to $ 45 billion It was also noted that the world's largest economy continues to grow after slowing to 0.1% in the 1st quarter of this year, which was due to unusually cold weather in North America. According to Federal Reserve, despite the improvement in the labor market, the unemployment rate remains high and the housing market is still weak.
Despite the controversial statistics and the Fed statement, the U.S. stock market yesterday showed a slight increase. Let us recall that the major stock indexes of America are near historic highs and now remains less drivers for further growth. In this regard, we confirm our long-term negative outlook for the U.S. stock market.
Wish you the profits!
FXFINPRO Capital Analytical department.