As expected, the Fed keeps interest rates unchanged as policymakers took a wait-and-see approach amid US presidential election uncertainty. Key takeaways:
- The Fed sees weaker demand, low oil prices - factors that will keep inflation low
- Economic activity and employment continue to reboun
Overall, there are no major changes compared to the previous release. The FED is again addressing the risks associated with the coronavirus and its readiness to take further action if needed. We observe slight volatility on the dollar.
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The only changes are seen in the second paragraph of the Fed statement. As one can see the changes are very minor ... Source: Fed, Twitter @zerohedge
EURUSD fell to the 38.2 retracement for a moment, but it started to rebound quite quickly. Source: xStation5
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