The Fed released the statement today and it initially received a negative reaction. The U.S. dollar shot up, the markets came in by 0.40% from the high as there was no mention of new bond buying.
The sell off did not last long as the FED did say that the economy is improving and there was nothing they saw as significant worries.
Below is the side-by-side that compares the recent release to last month’s.
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Sources: Horowitz & Company, Bloomberg
