Breaking: Fed hikes policy rate by 25 bps to 4.5-4.75% as expected – by FXstreetNews Breaking Fed CentralBanks InterestRate
Follow our live coverageIn the policy statement, the Fed noted that 'ongoing increases' in rates will be appropriate and added that inflation remains elevated despite having eased somewhat.edged slightly higher with the immediate reaction but quickly erased its gains as investors await FOMC Chairman Jerome Powell's press conference. As of writing, the index was down 0.26% on the day at 101.82.
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