http://www.illuminatisilver.comhttp://www.facebook.com/illuminatisilverToday is Thursday 28th January 2016 and we are going to cover the FOMC announcement issued at 2pm yesterday.
Information received since the Federal Open Market Committee met in December suggests that labor market conditions improved further even as economic growth slowed late last year. Household spending and business fixed investment have been increasing at moderate rates in recent months, and the housing sector has improved further; however, net exports have been soft and inventory investment slowed.
A range of recent labor market indicators, including strong job gains, points to some additional decline in underutilization of labor resources. Inflation has continued to run below the Committee's 2 percent longer-run objective, partly reflecting declines in energy prices and in prices of non-energy imports.
Whilst it was decided for interest rates to remain on hold, the overall statement suggested that rate rises short-term were unlikely though not impossible. Gold and silver prices fell back slightly, and surprisingly on the news.
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https://youtu.be/Lk-8TgsUnz4About the Site 🌐
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