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Here's a forecast for a rate hike from the Federal Open Market Committee (FOMC) today

TD with an out-of-consensus forecast for a rate hike at today's Federal Open Market Committee (FOMC).We maintain our long-held view that the Fed will tighten rates by a final 25 bps in June to a range of 5.25%-5.50%. If the Fed decides to 'skip' the June meeting, we expect the decision to be accompanied by communication that leans hawkish, signaling a likely hike for July. While a surprise Fed hike might provide some immediate knee-jerk support for the USD, the fact that it is likely the Fed's l... Read More

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Posted: Jun 14 2023, 00:55

Author Name: forexlive

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