Wednesday, 4 May 2022

Federal Reserve Hikes Rates by 50 bps - FOMC Presser to Follow (Updating)

The Federal Reserve his here with the first 50 basis point rate hike since May of 2000 - which was followed a couple months later by the tech bust.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...