Brown I was the policy statement, and Brown II was the remedy.

Brown does not mandate integrated schools. Instead, Brown mandates no segregated schools. Segregation may be chosen by residential patterns.

The crux of the statement was unchanged (from the last meeting), ... They said that policy remains accommodative, but that the central bank will respond to changes as needed. That's been the mantra since the tightening period began last June.

The crux of the statement was unchanged (from the last meeting). They said that policy remains accommodative, but that the central bank will respond to changes as needed. That's been the mantra since the tightening period began last June.

Investors may take a wait-and-see stance until the Bank of Japan comes out with its policy statement.

If the statement that follows suggests they may look to halt their policy of raising in moderation, to the extent that they're not going to raise rates again at the next meeting, then the dollar could suffer on the back of that and that would give a boost to gold.