Fed Review: FOMC Signals Fed Funds above 5% in 2023 The US Federal Reserve hiked the Fed Funds Rate by 50bp as widely anticipated. The updated ‘dots’ signal policy rates above 5% in 2023. EUR/USD recovered near pre-meeting levels despite the hawkish rate projections, as Powell left the door open for less hikes if warranted […]
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Key Highlights Gold started a fresh decline from $5,240 and traded below $5,120. A major bearish trend line is forming with resistance at $5,075 on the 4-hour chart. WTI Crude Oil surged toward $102 before Read more…