Dollar Continues to Make Fresh 20-Year Highs Post Fed Announcement: When Will it Peak?͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
| | | | | Fed Makes Historic Move Raising Rates 75 Basis Points: Signals More Pain Well Into 2023 | | The Federal Reserve made history on Wednesday, approving a third consecutive 75-basis-point hike. It was largely anticipated by the market, but the key is what's next? For the first time since June, Federal Open Market Committee officials also released updated economic forecasts showing a more forceful path ahead than previously anticipated to curb 40- year highs in inflation. They’re signaling rate hikes will continue well into 2023 to get inflation down to around 2%. | | | |
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| | | Dollar Continues to Make Fresh 20-Year Highs Post Fed Announcement: When Will it Peak? Concerns about rising interest rates and the economy have continued to make the U.S. currency a safe haven for investors. Market analysts say they might not change course until they see evidence the Fed is going to reverse their policy path and cut rates. On Wednesday, they signaled that might take months. When the dollar strengthens against other world currencies it makes U.S. exports more expensive, which is a headwind for sales and commodity prices. Read More |
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