No Change in Rates: FOMC Policy Statement

[Warrenlm]

Some thoughts on it from Steve Liesman.

Steve Liesman Shocker: "The Fed Is As Close To Capitulation As I've Ever Seen Them" | Zero Hedge

 

[RealMoneyIssues]

No surprise there, with the upcoming BREXIT vote next week there is no way they were going to raise rates... but who knows how the markets were to react...

 

[tsptalk]

Release Date: June 15, 2016
For release at 2:00 p.m. EDT

FOMC

https://www.federalreserve.gov/newsevents/press/monetary/20160615a.htm

Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.