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Message: [QUOTE="Vistabrokers, post: 77120, member: 32993"] [B]Vista Brokers: Fed Meeting Results are Positive for Dollar[/B] [IMG]http://s018.radikal.ru/i516/1501/39/1bcfed57fe33.png[/IMG] On Wednesday, the most anticipated event of this week for financial markets took place - this year's first meeting of the US Federal Reserve. Iahead of it the US dollar against the euro rose in price. By 13:00 GMT the single currency was at $ 1.1355 level compared with $ 1.1381 at the close of trading on Tuesday. USD/JPY has remained stable - at 117.88 yen. The Fed meeting results were published at 19:00 GMT without any press conference, thus investors tried to catch hints of further steps of the US central bank between the lines of the statement. Vista Brokers analysts note several important theses that have been made. Firstly, the Fed has marked a steady development of the US economy and the labor market, as well as the fact that the drop in oil prices has increased the purchasing power of households. Secondly, the Fed expects the decline in inflation in the short term and its growth in medium-term to the target level of 2%. Also worth noting is that the interest rate has remained in the same range. As analysts had expected, the FOMC statement did not give any surprise. Although some experts got to see in a slightly changed text some hints at "softening". In particular, the State Street Global Advisors economist Michael Aron believes that even if inflation will grow closer to the target level, the Fed's policy remains soft for a long time. Immediately after the publication the US stock market began to decline and the yield of US 30-year Treasuries fell to the record - 2.291%. The dollar strengthened against a basket of currencies by 0.5%. [/QUOTE]

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