Ian Woodward's Investing Blog

The FOMC did Something for Nobody!

William Gross at PIMCO suggests the Fed is at Neutral, will not raise rates by December, the economy is de-leveraged and this is a period of slack.

          

magoo

 As widely anticipated, the U.S. central bank stands pat on interest rates.  But the inflation-hawk contingency appears to be gaining adherents, with policy statement admitting the risk posed by inflation has risen. MARKET SNAPSHOT:  REACTIONS TO THE FED
• Stocks retain gains after Fed Announcement then peter out
• Dollar retreats modestly
• Treasury market extends losses
• Crude oil pares some losses
• Gold rises as Fed’s steady
• Transportation – Shipping gets a bounce

fomc

Best Regards, Ian

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