London (PRWEB UK) 1 November 2013
No mention of the shutdown was made as the US Fed policymakers voted to maintain the $85m per month bond buying scheme (The Telegraph, 30th October 2013). More of a surprise was the gentile nature of the words chosen, though this may have been done so as not to rock the markets.
Vantage FX’s Tim Plummer commented:
“This week the US has announced that they would be maintaining their current monetary policy going forward, being that interest rates are to be kept on hold as well as the Quantitative easing strategy is still not going to be tapered and kept at the $85bn figure.
“Some strategists are expecting the tapering to occur soon. The fundamental data announced recently has shown that consumer confidence and employment news is still not looking so good.
“On the topic of growth, US GDP Quarter on Quarter was at 2.5% although going forward there are serious concerns over the next figure as the US shutdown will dampen US growth in the 4th quarter.”
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