The central bank will continue to reduce its holdings of Treasury securities, agency debt, and agency mortgage-backed securities.
According to the Fed, the risks to achieving its employment and inflation goals were roughly in balance. As usual, the Committee stressed that it was “strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.”
U.S. Dollar Index moved higher as traders reacted to Fed Interest Rate Decision. Currently, U.S. Dollar Index is trying to settle above the 108.10 level.
Gold pulled back below the $2750 level as traders focused on stronger dollar and rising Treasury yields.
