Fed backed down on 2016 and 2016 dots and finally acknowledge that employment growth has slowed.
Two charts attached:
Text comparison - note how Fed "holds on" to improvement in GDP despite this being from low level....
Dots....observe how wide Fed is for their internal range of policy rates...
This is good for GOLD - I see 1300 test shortly..
Good for our short USDJPY position and my big overweight 30YR US fixed income shud continue to perform