Photo: Google Finance
The FOMC statement is out.Stocks turned positive. The 10-year Treasury dipped to 1.97%. Gold jumped around $10/oz. And the dollar is down.
Probably because of this line:
[E]conomic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.