Category: 2018

FOMC and Interest rate decision today and markets are cautious awaiting this important event
2018

FOMC and Interest rate decision today and markets are cautious awaiting this important event

Traders turned their focus away from a denuclearization deal between North Korea and the US to the upcoming Fed meeting. Fed Chairman Jerome Powell reportedly wants a press conference after every meeting. US inflation rose to a six-year high which saw the 2-year bond yield climb to 2.54% (2.52%), inching toward its multi-year high of 2.59%. The Dollar rose against all of it’s Rivals.

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