FOMC: FED announcement summary

The results of the Fed meeting can be summed up in one phrase: soft tapering. More specific:
1. The reduction of the QE program will start in November for a total amount of $ 15 billion per month and will end in mid-2022.
2. The regulator sees no reason to raise interest rates in the near future. Going to "be patient" to bring about an improvement in the labor market.

The market reacted to these decisions by buying risk. First of all, this concerns US stocks, where the euphoria of investors has already reached truly Homeric proportions. The US dollar was also in positive territory (DXY growth and EURUSD decline). The reaction on the commodity market is more or less neutral.

Bitcoin showed another squeeze: at exactly 21:00 Kiev time (release of the FED statement), the price fell by almost 4%, but then quickly recovered. Then the flat continued. In the bottom line, BTC remains aloof from rush purchases in the stock market, which underlines its local weakness. This contrasts with the ether, which, like the American indices, has been growing for 4 weeks in a row.