The hawkish tilt from Fed Chair Jerome Powell and his team sent traders heavily dialling back on easing expectations next year and in turn sparked a broad dollar rally, sending currencies like the ...
The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen blipped lower after the Bank ...
The Fed upgraded the GDP forecast for 2024 to 2.5% from 2% in September, and for 2025 to 2.1% from 2%. The core PCE forecasts for 2024 were raised to 2.8% from 2.6%, and for 2025 to 2.5% from 2.2% in ...