ICYMI – FOMC recap

The announcement of the Federal Open Market Committee and Powell's press were Wednesday, United States time.

• No sign of policy change on the part of the Committee. Nobody has said so, so no surprise here. in politics today.
• FOMC reduces interest on IOER excess reserves (by 0.05%) – this is a technical adjustment to keep fed funds rate in the target range
• The statement underscored lower inflation … President Powell continued in a press conference, saying that inflationary factors could be at the root of low inflationary pressures.

In summary … not as dovish as expected. The dollar has won, the shares have taken a little lower.

As it happened (read from bottom to top):

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