{"id":61777,"date":"2023-05-04T11:24:52","date_gmt":"2023-05-04T08:24:52","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=61777"},"modified":"2025-10-13T16:12:46","modified_gmt":"2025-10-13T13:12:46","slug":"fed-hikes-ecb-to-deliver","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/vi\/fed-hikes-ecb-to-deliver\/","title":{"rendered":"Fed hikes, ECB to deliver"},"content":{"rendered":"

As was widely expected the Fed delivered a 25-basis points rate hike yesterday and in its accompanying statement<\/a> the bank stated that \u201cIn assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook\u201d. The market seems to have increased its expectations that the bank is to pause its rate hiking path onwards, yet we note that Fed Chairman Powell in his press conference later on that it is \u201cnot appropriate to cut rates\u201d, which tended to contradict market expectations for possible rate cuts after the summer. For the time being, we are still not convinced of a reversal of the bank\u2019s hawkishness, maybe some easing, yet we still see the bank as being ready to hike again should the cooling of inflationary pressures stop for any reason. Overall, we note that the release tended to weaken the USD, while at the same time, gold\u2019s price benefitted from USD\u2019s weakness as it reached near new all-time highs.<\/p>\n\n\n\n

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