FOMC Statement
http://www.federalreserve.gov/newsevents/press/monetary/20130619a.htm
Target interest rate near zero, inflation less than 2%
As predicted, the Fed did not announce QE tapering today:
The Fed will continue its $85 billion asset purchase per month until the market is strong & stable enough
The Fed will try to calm investors down but also warn them again to be prepared:
The Fed is prepared to increase or reduce QE appropriately
The market is fluctuating after important announcements as usual
S&P 500 is expected to rise above 1650 at the end of the day
But we'll still have to pay attention to the FOMC press conference
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