The Federal Reserve Open Market Committee (FOMC) held the federal funds rate at a target range of 3.50% to 3.75% in April. The minutes showed that the committee remains concerned about inflation staying above the 2% target. Participants highlighted that recent inflation readings remained elevated, with the risks to the outlook tilted to the upside. […]
The post FOMC Struggles to Reach Consensus over Heightened Inflation Risks in April appeared first on ActionForex.
The Aussie tried to rally on improving global sentiment. Australia’s economy had other ideas. AUD/USD bounced earlier today as markets reacted positively to signs that Washington and Tehran may be moving closer toward a diplomatic Read more…
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