| Fed keeps monetary policy on hold | The US Federal Reserve kept monetary policy on hold with a little changed policy statement but presented an optimistic economic outlook that is likely to keep a slowing of its $85bn a month in asset purchases high on the agenda.
Crucially for markets, the rate-setting Federal Open Market Committee did not insert any explicit signal about slowing its third round of quantitative easing into the statement, only repeating that it is "prepared to increase or reduce the pace of its purchases" as the outlook for unemployment and inflation changes.
http://link.ft.com/r/QM42II/9MFUQ5/RN7YTC/WTUMVK/GYOUW7/T3/h?a1=2013&a2=6&a3=19
| | |
