FOMC disappoints market...but...
22/3/2018
FOMC disappoints market.
Early this morning, the FOMC increased interest rates to 1.75% but did not provide a strong indication for 4 rate increases this year. This resulted in the USD losing ground across all major currency pairs. Chair Powell provided a positive but measured press conference.
Today, we are likely to see the USD regain some strength as the market recovers from the news.
FOMC disappoints market.
Early this morning, the FOMC increased interest rates to 1.75% but did not provide a strong indication for 4 rate increases this year. This resulted in the USD losing ground across all major currency pairs. Chair Powell provided a positive but measured press conference.
Today, we are likely to see the USD regain some strength as the market recovers from the news.
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