The Federal Reserve statement today will also spell the US dollar policy. Incoming US economic data releases so far have been mixed. Long term prospects of the US economy are rosy. Infosys said it plans to hire 10,000 U. S. workers in the next two years and open four technology centers in the United States, starting with a center this August in Indiana. Curbs on H1B visas will result in hiring of more Americans and less outsourcing. Measures taken by Trump and his team are pro growth but unpopular.
A hawkish FOMC statement will cause furor. The direction of the Japanese yen against the US dollar after the FOMC will affect metals.
This post was published at GoldSeek on 3 May 2017.
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