Fed React: Dollar Pares Earlier Losses after Fed’s Attempt of a Hawkish Skip

Fed kept rates steady; target range remained at 5.25%-5.50% (as expected) Dot plots showed 12 of 19 expected policymakers (12 also called for one more hike in June) Fed projections saw rate cut bets halved from June’s 5.10% to 4.60% US stocks dropped and king dollar returned after the Fed kept rates unchanged and signaled […]

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