Fomc meet latest updates
FOMC Meeting minutes Plans for Reducing the Size of the Balance Sheet Participants generally agreed that monthly caps of about $60 billion for Treasury securities and about $35 billion for agency MBS would likely be appropriate Fed has decided to reduce its Bond buy from $120 Billion to $95 Billion reduction by $25 billion. Effect: Supply side will increase in stock market in compare to demand which will reduce cash flow in economy, this will impact negative on US Indicies & couple of stocks but positive for US Dollar as a currency, positive for T-Bond, simultaneously highly positive for Bullion. Only negative point for Bullion is to increase an interest by 25 to 50 basis point but this decision will be taken in the month of May, so there is a high probability that Bullion may take upside in next 24 hours hours based on this. EU & US are preparing for new sanctions on Russia US& SPR (Strategic Petroleum Reserve) decided to release about 180million barrel in the market which