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