Australian Dollar Morning Report – Stocks and the Aussie dollar down after FOMC
The release of the FOMC Statement this morning was much anticipated and it went to script with the Fed reiterating its, commitment to doing what it can to revive the economy through its bond buying program and super low rates – the Fed also highlighted once again that the economy, likely to warrant exceptionally low levels for the federal funds rate at least through late 2014 They probably won’t be buying billion worth of bonds till then but clearly in this statement we can see that if
