The minutes of the January 26 FOMC meeting highlighted the central bank’s concern over the current level of inflation in the US but disappointed the market by giving no new clues, or a timetable, on the path and pace of interest rate hikes and balance sheet reduction.
While the minutes had a slightly hawkish overtone, financial markets have already priced in a series of interest rate hikes this year. The market pricing of a 50 basis point hike at the next Fed meeting in March continues to swing around with the likelyhood now seen around 50% after having been nearly fully priced in last week.The US dollar drifted lower post-FOMC but remains in a dominant ascending channel that has been in force since mid-June last year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Index Price Analysis: DXY flirts with 96.00 key supportUS Dollar Index Price Analysis: DXY flirts with 96.00 key support By anilpanchal7 DollarIndex Technical Analysis SwingTrading ChartPatterns SupportResistance
Source: FXStreetNews - 🏆 14. / 72 Read more »
US Dollar Index Price Analysis: Next on the downside comes 95.15/10DXY drops to new 2-day lows in the sub-96.00 zone amidst persistent selling pressure in the dollar. The current leg lower is seen as corrective only,
Source: FXStreetNews - 🏆 14. / 72 Read more »
US Dollar Index Forecast, News and Analysis - FXStreetCheck our updated News for US Dollar Index including real time updates, technical analysis forecast and the economic latest events from the best source of Forex trusted News.
Source: FXStreetNews - 🏆 14. / 72 Read more »
US Dollar Outlook: Will AUD/USD and NZD/USD Rise as Retail Traders Sell?The US Dollar is receiving some love from retail traders, boosting short exposure in AUD/USD and NZD/USD. Could this spell further strength for these pairs? Get your market update from ddubrovskyFX here:
Source: DailyFX - 🏆 305. / 63 Read more »
US Defense Secretary: US sees Russian forces inching closer to Ukraine, stocking up on bloodThe US Defense Secretary Lloyd Austin on Thursday said that the US is seeing some Russian forces inching closer to the Ukrainian border and stocking u
Source: FXStreetNews - 🏆 14. / 72 Read more »
US lawmaker debuts draft of federal stablecoin regulation billA discussion draft of federal stablecoin legislation has been released by a member of Congress, a move that comes the morning of a hearing on the subject in the US Senate. Bring it on! Addicted to moon ? AxlToken is for You😻 $AxlToken $Axl 🛡 CertiK + Doxed Devs ⛔ 0% Tax 🛒 Multi CEX Listings 🤑 ETH BSC Staking ↩️ min 68% 🚀 IDO Launchpad 🗿 NFTs 🎮 P2E soon Axl axlinu DeFi StakingRewards NFT NFTcommunitiy Launchpad 1000xgem
Source: TheBlock__ - 🏆 464. / 53 Read more »