On Wednesday, the Federal Reserve stated that the US recovery proceeded slowly than it was expected. It offered no hint of further monetary support, but said that growth would pick up soon.
After Fed's announcement, minor losses were seen across the Dow, Nasdaq and S&P 500. US stocks and government bond prices were flat. The dollar changed a little against the euro.
In an interview with CNBC-TV18, Richard Ross, Global Technical Analyst at Auerbach Grayson said that the Fed
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