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Dollar bruised after the Fed policy decision overnight

To keep things short, they tried to leave the door open for September but as evident in the language and from Powell's press conference, they are not going to push for it. I'd put emphasis on the word 'tried' in the description above. Powell himself alluded to data dependency and he just reaffirmed market expectations by saying "we could hike in September but at the same time, we could also hold rates unchanged".The change in the Fed funds futures curve has been relatively minor as evident above... Read More

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Content Topics

Dollar

Bruised

After

Policy

Decision

Overnight

Forex

Posted: Jul 27 2023, 04:20

Author Name: forexlive

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