FOMC rate hike and projections awaited, 10-year yield pressing key resistance

Fed is widely expected to raise interest rate for the first time since 2018, lifting the federal funds rate target by just 25bps to 0.25-0.50%. It’s nonetheless the start of a tightening cycle to combat persistently high inflation. The new economic projections would be the main market moving factor. Given the development since December, it’s […]

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