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US dollar jumps as Powell flags higher dot plot and the chance of a 50 bps hike
Here's the key line from Fed Chairman Jerome Powell so far:
"The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated. If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes."
The market is now pricing in a 42% chance of a 50 bps hike on March 22. The peak in pricing is now up to 5.63% fr... Read More
Posted: Mar 7 2023, 15:35
Author Name: forexlive
Views: 110544