The Fed acknowledges the slowdown in the unemployment but sees the bigger picture as positive. Inflation is lower but stable on the long term. The Fed removed the line about international developments. Suddenly not worried about China? Or perhaps only Chinese stock markets? They see the domestic economy as expanding at a moderate pace. Perhaps most importantly, the Fed mentioned its “next meeting” – giving a fat hint of a hike.
EUR/USD loses 1.10 and the USD is generally stronger across the board.
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