18 days ago • Posted by Ajmir Omid

FOMC: 75bps better than feared #markets #trading

Stock markets advanced taking Fed's report positively. The Fed unanimously raises its benchmark rate by 75 basis points, in line with expectations, and anticipates further increases in the target rate in an appropriate manner. Analysts also noted that the report mentions "softening to the economy" which has got the Fed's attention. Following the release yields dropped, the dollar followed lower and gold rose.