The Fed raises rates as expected.
More coming – follow the live blog
The Federal Reserve is expected to raise the interest rates. This is well telegraphed. Will they change the dot-plot for 2018? Currently, they foresee three hikes next year, just like the three moves this year. However, markets are sceptical about the rate hikes given the weak inflation. Today’s report was especially poor. See the full preview: Fed decision: a lot depends on the reaction to the inflation data
Join Valeria Bednarik and I for a live blog about everything related to the decision and the reactions in foreign exchange markets.