Fed Finally Hikes, Dot Plot Sees More Rate Hikes, New Rate-Hike Cycle Starts. Bond Market Breathes Small Sigh of Relief

Fed Finally Hikes, Dot Plot Sees More Rate Hikes, New Rate-Hike Cycle Starts. Bond Market Breathes Small Sigh of Relief

This was a hawkish meeting, with a unanimous vote for a hike, and more hikes indicated.

AUD/USD Falls Below 0.71 as Fed Hike Shrinks Australia’s Rate Edge

The Australian dollar fell below 71 U.S. cents after the Federal Reserve raised rates, cutting a yield advantage that had helped cushion the currency against a stronger greenback. AUD/USD traded near 0.7089 at 22:07 UTC on September 16, down 0.6% from a 0.7134 previous close. The rate decision changed the arithmetic behind that move: Australia's…

EUR/USD Targets 1.1471—Will the Fed’s SEP Validate Four-Hike Pricing? - ActionForex

One Fed hike is effectively certain today, but markets are pricing four hikes total at an approximately quarterly cadence—whether the SEP validates that path, or its hawkish tail, will decide whether EUR/USD extends below 1.1471 or reverses back through 1.1653.

How many rate hikes are on tap? Wall Street hopes to connect the Fed’s ‘dots.’

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