Daily Remarkable news - December 19, 2013 (sources: collection)

The Fed decided to cut QE PACKAGE Ends policy meeting lasts two days 17 and 18/12 , the Fed announced cut -scale bond buying program monthly $ 10 billion from $ 85 billion currently applying to 75 billion USD. The implementation will start from January next year . Notify see , 9/10 voting members of the FOMC decision on their support . Also in the announcement , the Fed said it would keep interest rates ultra- low 0-0.25 % until the unemployment rate hit 6.5 % and inflation remains below 2.5 % . Most FOMC members expect the first rate hike visits will take place in 2015.

FOMC members predict the unemployment rate will range from 6.3 - 6.6 % at the end of 2014 and 5.8 - 6.1 % at the end of 2015 , respectively lower than the official forecast which launched in September this 6.4 - 6.8 % and 5.9 - 6.2 % . According to the Fed , the unemployment rate will drop below 6 % in 2016 .

While inflation may fluctuate in the range of 1.4 % - 1.6 % in 2014, lower than previously estimated range of the Fed 's 1.3 % - 1.8 % . In 2015, this index will be at 1.5 % - 2 % before inching up about 1.7 % - 2 % in 2016 .

GOLD PRICE REDUCED AFTER THE FED

Gold fell 1 % to $ 1.218 / ounce in trading yesterday when the Fed announced downsizing of QE3 . Experts said that the decline in gold prices limited expectations suggests QE3 Fed cut was priced in gold before . On the other hand , the $ 10 billion cut is not too big to push gold prices from falling further .

Yesterday , the largest gold trust fund SPDR Gold Trust, the world continues to add 4.2 tonnes of gold net sales , decreased volume was 812.6 tons of gold holdings . In the past three sessions , this fund net sales with total sales up to 15 tons .

After the Fed's move to cut , analysts say , the scale quantitative easing program will gradually narrow in the near future and ending in 2014 . Gold prices are expected to remain under pressure .