Fed’s Upbeat Tone

Yesterday, the US Federal Reserve’s (Fed) positive assessment of the economy, even as it reiterated its pledge to keep interest rates near zero through late 2014, dented hopes of additional stimulus measures. Additionally, the recent upbeat US economic data, coupled with signs of improved capital positions at large US banks, has further supported risk sentiment. In this morning’s trading session, markets keenly await Eurozone consumer price inflation data and the Fed Chairman, Ben S. Bernanke’s speech due later today.

In the UK, data just released indicates that jobless claims rose more-than-expected for February, while the unemployment rate remained unchanged for January.

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Fed’s Upbeat Tone

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