This article was posted on Wednesday, 19:52, UTC.
The key takeaway’s from today’s rate decision and statement: The Federal Reserve hiked interest rates to the target range of 1-1.25% as expected The FOMC plans to shrink its balance sheet later on this year, with no precise date included No significant mention of the recent softness in economic data, although the FED will “monitor inflation developments closely” All-in-all, a bit more hawkish than expected, especially after today’s dismal data EUR/USD pair following the FED-decision Markets are weighing the announcement in a volatile fashion, but the Dollar is gaining strength after an initial spike higher. Stocks are slightly under pressure, while…
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Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.