Breaking: Fed hikes policy rate by 75 bps to 3.75-4% as expected – by FXstreetNews Breaking Fed CentralBanks InterestRate
The dollar came under renewed selling pressure and the US Dollar Index declined below 111.00 with the initial reaction."Will take into account cumulative tightening, policy lags, and economic and financial developments in determining pace of rate hikes."
"War in Ukraine is creating additional upward pressure on inflation, weighing on global economic activity.""Vote in favor of policy was unanimous." If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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