Fed opens door for rate hike even as it downgrades economic outlook
Livewire
Fed opens door for rate hike even as it downgrades economic outlook. The Federal Reserve on Wednesday moved a step closer to a much anticipated first rate hike since 2006 by removing patient from its language, although markets bet on a September hike after it downgraded the expected pace of growth and inflation. Stock markets rallied after the Fed statement, while the U.S. 10-year Treasury yield dipped below 2 percent for the first time since March 2 and the euro rose against the dollar on the more dovish forecasts that appeared to argue against a June move. Full article: (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise