Bernanke changed his tune changes the Fed cited a declining insurance.

<P>: Http://finance. Inquiry, the Federal Reserve to delete "further tightening," the wording, the market is expected to surge on rate cuts to stimulate the global stock markets rallied across the board. .When adjusting the interest rate issue, the financial markets are always walking in front of the Fed. .Bernanke has "reluctantly must sell" for the possible economic recession risk "buy insurance." .</ P> <P> According to "Shanghai Securities News" reported that, despite the Federal Reserve announced its sixth consecutive regular meetings to keep interest rates unchanged at 5.25%, but U.S. stocks headed almost without exception, global stock markets ahead of time fulfilled "reduce .good information, "U.S. stocks hitting the biggest one-day gain in eight months, the U.S. also hit a two-year notes the biggest increase in a week. .The same effect due to the expected interest rate cut, dollar then fell, fell to two-year low against the euro. .</ P> <P> Fed: raise interest rates? .Interest rate cuts? .</ P> <P> the Fed's policy-making body - the Federal Open Market Committee (FOMC) 21 as scheduled unanimously approved the decision to keep interest rates unchanged. .However, given the current U.S. economic situation is very complex, on the one hand highlight the subprime mortgage crisis, and inflation pressure is high, so the outside world after the Fed's statement this particular concern, hoping to glimpse into the next interest rate .to the clues. .</ P> <P> the Fed indeed "live up to expectations." .Implemented last year by the end of June since the last rate hike, the Fed statement each regular meeting are basically the same "version", especially in the description of future interest rates, the Fed's wording is: "Further tightening of the time and amplitude, to be .depends on the ... ... "But the 21-day issued a statement after the meeting, the Fed removed rare" further tightening "is used, replaced by a more neutral" further policy adjustments, "seems to imply that it is unlikely to raise interest rates .recent choices. .However, despite the exclusion of the interest rate increase, but the Fed did not leave much room to cut interest rates, especially in inflation, the Fed said that "some of the recent acceleration in core inflation indicators," and the Fed's current "greatest policy concern" .is the inflation risk. .</ P> <P> market: interest rates cut in interest rates is greater than </ P> <P> contrast, the financial markets than the Fed seems to be more aware of their ideas. .After the introduction of the Fed statement, the performance of almost all markets are in the same direction - the Federal Reserve cut interest rates soon to be a. .</ P> <P> the first positive response to the prospect of the U.S. stock market, the main stock index hit the biggest gain since 8 months. .As of Wednesday's close, the Dow rose 1.30%, S & P 500 index rose 1.71%, the Nasdaq also rose 1.98%. .European stock markets also on Thursday (22) a substantial compensatory growth market. .Asian stock markets have also risen to three-week high. .U.S. Treasury prices also crashed to rise, a record year U.S. Treasury more than a week on Wednesday, the largest increase, reflecting the Federal Reserve more inclined to cut interest rates expected to rise. .</ P> <P> However, the exchange rate against the U.S. interest rate cut is expected to constitute a pressure. .The U.S. dollar against the euro on Wednesday fell to two-year low, as interest rate cuts will weaken the dollar-denominated assets more attractive. .</ P> <P>.