10.07.2014 - Quantitative easing program will end in the autumn
Yesterday in the U.S. were published the minutes of the previous meeting of the Federal Open Market Committee of the U.S. Federal Reserve, in which traders were expecting to see periods of rising interest rates. As a result, the main theses of the protocols were the statements of the acceleration of economic growth in the second quarter, after unexpectedly weak performance in the first quarter of this year, the employment situation and economic growth improves, but inflation risks remain.
It should be noted that the program of quantitative easing will be completed after the Fed meeting in October, and the last stage of the reduction will be by 15 billion. Given the reduction in liquidity injections into the market, we expect the correction on the markets, which was the result of the completion of the previous phases of quantitative easing.
Wish you the profits!
FXFINPRO Capital Analytical department.