FOMC: The Federal Open Market Committee of the Fed continued its positive assessment of the economic recovery. ” Labor market conditions have improved further, with strong job gains and a lower unemployment rate. ” (FRB: Press Release) Still inflation and wage growth is subdued. At the end of the day, the FOMC is not changing its stance, which suggests that it is still consideration raising interest rates by mid-2015. With other central banks becoming dovish, cutting rates, and increasing stimulus measures, traders had doubts whether the FOMC will keep its course. Today’s statement was thus relatively ... (full story)