(Reuters) - "Some may think that the credit tightening phase is over if the word accommodative disappears from the statement, but I do not think that would be the case," said Toru Sasaki, chief forex strategist at JPMorgan Chase in Tokyo.
Sasaki noted that the Federal Reserve dropped the word "accommodative" from its statement in December 2005 but went on to raise rates by another percentage point before finally stopping at 5.25 percent last year.
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Sasaki noted that the Federal Reserve dropped the word "accommodative" from its statement in December 2005 but went on to raise rates by another percentage point before finally stopping at 5.25 percent last year.
Read more at Reuters.com Hot Stocks News
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