The expectation that the Federal Reserve will tighten monetary policy further in order to lower high inflation caused the dollar index to remain stable near 112 on Friday after falling from a 20-year high of 114.778 earlier this week. Despite this, the index was still on track to post another strong monthly gain. The index is trading roughly 7% higher… Read More »Dollar Expected to Post a Big Monthly Gain
Fed announces another 0.75 percentage point increase in interest rates and promises more increases in the future to combat inflation. Since the early 1980s, inflation has been rising and the central bank has been working to reduce it. Fed representatives indicated that they plan to keep raising rates until the funds level reaches a “terminal rate,” or endpoint, of 4.6%… Read More »FED Hikes Rates as Expected
The Federal Reserve is considering raising interest rates by 75 basis points during its September 2022 meeting, marking the third consecutive three-quarter point increase, increasing borrowing costs to the 3%-3.25% range, the highest since 2008. Some economists believe the Fed will raise interest rates even more. Simultaneously, the so-called dot plot is predicted to show that interest rates will likely… Read More »Fed expected to Hike Rates by 75bps for 3rd Time
