Forex - Dollar at recent highs as Fed positions itself for another hike
The dollar remained steady at recent highs after the US Federal Reserve hinted at another interest rate rise at the end of March but kept the market guessing about the outlook beyond that.
The US central bank raised its key Fed funds rate a quarter point for the 14th consecutive time to 4.50 pct and was careful not to rule out another hike.
Although it dropped the word 'measured' to describe its approach to its policy on raising rates, the rate-setting FOMC said further policy firming 'may be needed' to keep inflationary pressures in check at a time of solid economic growth.
( Full story here )
The US central bank raised its key Fed funds rate a quarter point for the 14th consecutive time to 4.50 pct and was careful not to rule out another hike.
Although it dropped the word 'measured' to describe its approach to its policy on raising rates, the rate-setting FOMC said further policy firming 'may be needed' to keep inflationary pressures in check at a time of solid economic growth.
( Full story here )
posted by Oil Shock at 1:12 PM
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