The
US Federal Reserve as expected did not make any changes to their interest rate
policy today.
In their
statement they made the following observations
-The
Fed is concerned with Short-term inflation but sees it recovering over the
medium term
-Economy
is staying robust and employment is gaining traction
-Fed
is more bullish on the economy then it was in December
-Global
growth is starting to be a concern.
With
the above information the FED stated that it can be patient before starting
to increase interest rates. I think
there plan is still for an interest rate hike later this year.
The Canadian Dollar has traded weaker on this report and looks set for another test of 1.2500.
Mike
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