HomeLive CommentsDollar jumps as FOMC members pull ahead rate hike projections

Dollar jumps as FOMC members pull ahead rate hike projections

ActionForex
By ActionForex

Dollar jumps as Fed raised median federal funds rate projection in 2023 to 0.6%, from 0.1%. That is, there could be two rate hikes by the end of 2023. Also, seven FOMC members penciled in a rate hike or more in 2022, comparing to four in March. 13 members expected at least one hike by 2023, comparing the just seven in March.

Full statement here.

Full projections here.

EUR/USD is now eyeing 1.1985 support next, as fall from 1.2265 accelerates downwards.

Start Trading
Start Trading
Start Trading
Start Trading
ActionForex
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Latest Analysis

Load more

Learn Forex Trading