The FOMC statement sent the US dollar broadly lower, roughly 60 pips across the board.
The decline came after the Federal Reserve inserted a line into its statement saying it would “take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation.”
That’s a clear nod to a slowdown in rate hikes, though it’s vague on the timing.
The euro rose above yesterday’s high after the news.
The moves were mirrored throughout markets. US 2-year yields fell 7.7 bps to 4.46%, and US equities turned a decline into a 0.5% gain.
This Post Has 5 Comments
I like this site it’s a master piece! Glad I
found this on google.!
You really make it appear so easy with your presentation but I find
this topic to be really one thing which I think I’d by
no means understand. It sort of feels too complicated and extremely extensive
for me. I am taking a look forward for your next put up, I will attempt to get the cling of it!
Escape rooms
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Wow, marvelous blog layout! How long have you been blogging for?
you made blogging look easy. The overall look of your website
is fantastic, let alone the content material! You can see similar here najlepszy sklep
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.