Australian shares, in sync with New York, turned positive. Fed signals rate rises will end soon. US 10-year yield plunges. $A leaps.
A range of initial comments on the Fed’s statement.
Oxford Economics: “Changes to the statement were modest and mostly acknowledged the incoming data. There were no dissents at the January meeting, which includes the annual rotation of regional Fed Presidents that have a vote on the FOMC. The annual rotation of regional Fed presidents is dovish on net but isn’t a significant risk to our interest rate forecast.”
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