Legacy Thread

[basserdan]

2:00p FOMC keeps fed funds interest rate at range of 1.75%-2%

2:00p Fed makes minimal changes to FOMC statement

2:00p Fed upgrades economy's growth rate to 'strong' from 'solid'

2:00p Fed says PCE, core inflation 'remain near 2%'

2:01p Dollar index holds gain after Fed policy update

2:01p ICE U.S. Dollar Index up 0.2% at 94.649

2:02p Treasury yields hold steady after Fed policy update

2:02p 10-year Treasury note rate at 2.995%; 2-year Treasury yields 2.678%

2:02p Gold futures edge up from settlement level after Fed policy statement

2:02p Dec. gold at $1,229.20/oz in electronic trade vs. $1,227.60 Comex settlement

2:02p Text of August FOMC statement: https://tinyurl.com/ychotwgh