No surprise there, with the upcoming BREXIT vote next week there is no way they were going to raise rates... but who knows how the markets were to react...
Release Date: June 15, 2016
For release at 2:00 p.m. EDT
FOMC
https://www.federalreserve.gov/newse.../20160615a.htm
Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
No surprise there, with the upcoming BREXIT vote next week there is no way they were going to raise rates... but who knows how the markets were to react...
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Some thoughts on it from Steve Liesman.
Steve Liesman Shocker: "The Fed Is As Close To Capitulation As I've Ever Seen Them" | Zero Hedge
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