The Federal Open Market Committee (FOMC) raised the policy rate by 25 basis points (bps), lifting the target range to 3.75%–4.0%. The move followed five consecutive meetings where the FOMC held rates steady. The post-meeting statement remained terse at 130 words. Despite elevated uncertainty, the Committee still characterized economic activity as expanding at solid pace, […]
The post Fed Hikes After Extended Pause, Signals More Tightening Ahead appeared first on ActionForex.
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The Fed raised rates by 25bp to 3.75-4.00%. All members voted in favour. This was more hawkish than we expected, as we saw a risk that 2-3 members would favour unchanged rates. Warsh repeatedly highlighted Read more…