Nasdaq slides, Nvidia drags tech lower as Fed leaves rates unchanged

On Wednesday, the biggest prior development of FED policy has focused on a change in the final sentence of the first paragraph of the Fed statement.

If it feels a good piece, it is.

On Wednesday, Fed said in connection with inflation. “Inflation is left to some extent.”

In December, the Central Bank said: “Inflation has made progress to 2% of the committee, but remains to be raised to some extent.”

The removal of the phrase “progress” did not work well by the markets, the shares of which are taken to a session immediately after the announcement.

Read here, suggesting the change in this language felt the lack of nutrition that inflation will continue to move low.

About 45 minutes later, Powell was pushed to the concept of citing the change in “Tags Cleaning”, not to send a signal to an intention.

In response, stock jumped off their low level.

Even before this question and answer, Wall Street economists argued along the lines of what Powell was laid.

“Markets are overcrowded in a small fragile statement,” said Samuel Tamples, USA, on the Pantheon Macroeconomics.

“Inflation is now simply described as” to some extent “when it was previously considered” progress “,” progressed by 2% goal. ” December CPI and PPI data I assume that Core PCE inflation will meet the FOMC forecast for 2.8%. “