After the Federal Reserve met, nobody was surprised that Fed Chairman Janet Yellen decided to stay on course. In October, she will end the Fed's stimulus spending and, what the markets are most focused on, will not raise interest rates for "for a considerable time." Q2 of 2015 is likely
The markets responded well to this news as the dollar gained strength against the euro. The American economy is expanding moderately and has no problem with jobs. If this trend continues, then unemployment there will drop to 5%, which is extremely low. News from the US sent markets higher in China, where growth has flagged lately, and Europe, whose exports will benefit from a stronger dollar.
