Dollar jumps across the board after Fed’s hawkish rate cut, with economic projections giving a strong nod to market expectations of slower policy easing, and a higher terminal rate. EUR/USD’s fall from 1.0629 resumed by breaking through 1.0452. Decline from 1.1213 might also be resuming and break of 1.0330 will target 61.8% projection of 1.0936 […]
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Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. The Federal Reserve lowered its key interest rates by a quarter of a percentage point. The Read more…
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Summary As widely expected, the FOMC cut the target range for the federal funds rate by 25 bps at today’s meeting. However, one Committee member, who preferred to keep rates on hold, dissented. Wording in Read more…