{"id":67344,"date":"2023-07-27T11:01:54","date_gmt":"2023-07-27T08:01:54","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=67344"},"modified":"2024-08-26T12:12:42","modified_gmt":"2024-08-26T09:12:42","slug":"fed-hikes-rate-attention-turns-to-us-gdp-rate-ecbs-and-bojs-rate-decisions","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/th\/fed-hikes-rate-attention-turns-to-us-gdp-rate-ecbs-and-bojs-rate-decisions\/","title":{"rendered":"Fed hikes rate attention turns to US GDP rate, ECB\u2019s and BoJ\u2019s rate decisions"},"content":{"rendered":"

The USD tended to edge lower against its counterparts, as the Fed delivered the expected 25 basis points rate hike yet provided little new for market participants. In its accompanying statement<\/a>, in our opinion, the bank seems to have removed its predisposition for more rate hikes and is more data-dependent. It\u2019s as if the bank accepts that it has reached the end of its rate hiking cycle yet at the same time keeps the door open for another rate hike in the September meeting if necessary. The release was viewed as leaning towards the dovish side and weakened the USD yet at the same time strengthened gold and US stock markets.<\/p>\n\n\n\n

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