EURUSD, USDJPY, GBPUSD, USDCAD reach key technical levels after Fed hike
The dollar strengthened after the Fed hike, pushing EURUSD and GBPUSD lower while USDJPY and USDCAD rose to key technical levels.
The dollar strengthened after the Fed hike, pushing EURUSD and GBPUSD lower while USDJPY and USDCAD rose to key technical levels.
Fed's Warsh said the economy looks to be strengthening, inflation remains too high, and the FOMC has not met the confidence bar on underlying inflation.
The Fed decision strengthened the dollar and lifted short-term Treasury yields; the Dow turned negative but technology stocks held their gains.
Fed hikes rate to 4%; 16 of 18 officials see further increase. Bitcoin spiked then fell, gold sold off after the decision.
The Federal Reserve raised interest rates by 25 basis points for the first time in three years, as expected. The decision was unanimous.
The Fed raised rates by 25 bps to 3.75%-4.00%, with the dot plot signaling one more 2026 hike.
The Federal Reserve raised rates by 25 basis points to 3.75-4%, citing resilient spending and strong productivity, aiming for price stability.
The Bank of Canada's Governing Council sees near-term inflation staying elevated, while markets anticipate over 100 basis points of rate hikes.
Kevin Warsh reduces signalling in the FOMC statement; a close vote could rock markets.
Fed Chair Warsh faces his first major credibility test as markets see a 91% rate hike chance, with potential political and market fallout.
AUDUSD holds above 0.7117 support ahead of the FOMC, with buyers eyeing 0.71492 and sellers needing a sustained break below.
The NAHB Housing Market Index fell to 32 in September, below the 34 forecast and down from 35 in August.
Federal Reserve expected to raise rates with 92.7% probability; Bitcoin slips near $76,022 as markets react.
Canadian building permits fell 17.3% in July, far exceeding the 6.4% decline expected, driven by broad weakness in non-residential and residential sectors.
US August retail sales rose 1.2% versus 0.8% expected. Prior month revised to -0.6%.