Monika Agarwal
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FED not sure what do

There were some conflicting views in the meeting about the tapering although neither was in majority. Few of the members said that it might soon be the time to slow QE whereas some said we should wait for some time. After the news US Dollar extended gains against most the currencies. Although they didn’t mention a month when bank is going to start slowing down its QE but the investors has interpreted later this year. Also Fed said that it won’t raise short term interest rates until the unemployment rate falls to 6.5%. Increase in interest rate will strengthen the dollar.