Wednesday, April 27, 2011

Eyes and ears are directed toward the Fed

Today the head of the Federal Reserve will hold his first press conference after a two-day meeting of the FOMC. No one expects changes in interest rates or a program of quantitative easing, but this does not diminish the importance of this event for the markets. Although he often Bernanke subjected to interrogation by the senators, their questions often have a political tint, or not at all relevant.
Today, more attention will be given to monetary policy and economic forecasts, and it is hoped that the Media will come more acute and pressing issues. Also for Bernanke is an opportunity first to present their views, before it will do the rest of the Monetary Committee. As in many of the Central Bank is now at the Fed there is a wide variation in the forecasts to the policies and risks. Naturally, the dollar will be very responsive to today's statement, more sensitive than usual.


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