HomeContributorsFundamental AnalysisFed Keeps Rate Unchanged Announces Balance Sheet Reduction

Fed Keeps Rate Unchanged Announces Balance Sheet Reduction

The U.S. Federal Reserve kept the benchmark US interest rate unchanged at 100-125 basis points as expected and also anticipated was the announcement that the central bank’s balance sheet will start its reduction in October.

The US dollar has advanced across the board as the economic projections from Fed members are mixed, but there are still some members forecasting a rate hike later in the year.

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