The fed leaves rates unchanged

[Cuddles]

Expect a nice bump tomorrow after today's downturn:

Federal Reserve officials left interest rates unchanged as they ended their policy-making meeting in Washington, D.C., today.

The Fed raised its benchmark rate by a quarter of a percentage point back in March, to a range of 0.75 percent to 1 percent, where it remains. In their post-meeting statement today, the central bank policymakers provided little guidance on when their next rate hike might come.

Fed officials acknowledged slower-than-expected growth during the first three months of the year but said it is "likely to be transitory."



http://www.npr.org/sections/thetwo-...deral-reserve-leaves-interest-rates-unchanged

 

[doggyfx]

Fed officials acknowledged slower-than-expected growth during the first three months of the year but said it is "likely to be transitory."

Isn't it evident that even sluggish 1Q GDP data can't stop them from tightening. June hike is coming, although not clear what to expect from the buck...

 

[HeSaidSheSaid]

When are they going to sell the $4.5T bond holding?

 

[Ryan81]

From my trading perspective the Fed's existence and ridiculous decisions over the past decade have made me a lot of money. The key question for me is, when (if ever in my lifetime?) will this party end and should I "get out and take my ball and go home."

 

[doggyfx]

When are they going to sell the $4.5T bond holding?

Will hold the balance till they "normalize" rates. But where is the exact point of normalized rates is unknown. So basically their language conveys little meaning or clue for traders..