Stocks fall on Fed Speak post FOMC meeting $XAUUSD

  • Federal Reserve Policy makers said the US economy is maintaining its expansion even as the global economy slows, while refraining from taking new actions to lower borrowing costs.
  • Signs of an improving US economy are giving FED officials leeway to keep policy unchanged with indicators pointing to an improvement in the overall labour market despite an elevated unemployment rate
  • The FED also reiterated the strains as the global financial markets continue to pose significant downside risks to the economic outlook
  • US stocks fell, Treasuries rallied as did the US dollar. The Dollar Index rose 1% climbing above 80 for the first time since January
  • DOW –0.55%, S&P500 –0.87% and NASDAQ –1.26%
  • Cocoa, gasoline and oil all jumped more than 2% to lead gains in 15 of 24 commodities
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