Wednesday, 22 March 2023

Fed Hikes Rates to Zap Inflation, Embraces Less Hawkish Guidance; USD Sinks

The Federal Reserve raised interest rates by 25 bp to 4.75%-5.00% at the end of its March policy meeting, adopting a less hawkish guidance than in previous months, a sign the hiking cycle is nearing its end.

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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...