Two-day FED Meeting
After the end of two-day FED meeting, Fed Chairwoman Janet Yellen and other board members made a critical statement policy to open the market opportunity to pave the way for interest rates hikes in 2015, believing that this will position United States of America in safe place of rapidly growing global economy. This was announced by Janet Yellen at news conference at 2:30p.m.
Image Credit: Reuters
Though US economy has maintained well and unemployment rates were reduced to considerable amount. But if we consider U.K. job market, expectation was not fulfilled unemployment rate was at 6.0% with no change for last 3months. FED official also announced that they decided to tighten the monetary policies in Mid-2015 at near-zero rates.
Impact of FED meeting and Announcement in US commodity market:
USD(United States Dollar) positioned itself ahead of the FED Policy announcement.
Here are the some of the improvement happened in US commodity Market today
Increased 0.51% to 117.01.
Decreased 0.43% to 1.2457.
U.S. dollar index
Measures the greenback against a basket of six major currencies was also increased 0.42% to 88.43.
Decreased 0.13% to 1.5729.
Increased 0.44% to 0.9742.
Decreased 0.47% to 0.8180.
Increased 0.21% to 1.1651.