DTN Closing Grain Comments 01/27 13:32
27 Jan 2016
DTN Closing Grain Comments 01/27 13:32 Much Ado About Nothing Global markets waited all day for the U.S. Federal Reserve to make its January announcement regarding interest rates early in the afternoon. Citing a slight slowdown in the economy, concern over volatile world equity markets (most notably the U.S. and China), and little fear of inflation, the Fed left rates unchanged. Language also suggested it might be awhile before the next incremental increase occurs. Following the announcement, the Dow lost triple-digits while the U.S. dollar index showed little reaction.