Dovish FOMC risks losing market trust
Market participants were surprised by the Federal Reserve’s announcement on Wednesday that it will maintain its quantitative easing programme at its current level, with some saying any positive data on the US economy in the coming weeks could bring its credibility into question.
At its Federal Open Market Committee (FOMC) meeting on September 18, the Fed expressed reluctance to alter its monetary policy until it sees a broad-based recovery in the US economy. The news saw the US dollar fall
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