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Fed More Hawkish Than Expected. ECB Disappoints

Fed More Hawkish Than Expected. ECB Disappoints

2 Years ago | June 17, 2018 00:00:00

John M. Bland, MBA, co-founder, Global-View.com


Eventful Fed Meeting Sees Key Changes As expected, on Wednesday, the Fed raised its target range for Fed Funds by 25bps to 1.75%-2.00%.This change had been fully priced in by the markets well ahead of time. With the rate hike already discounted, the main focus of markets was on the Fed’s the forward guidance. The Fed policy statement continued to indicate that the pace of future tightening would be “gradual” and that “further” increases are likely. The Fed has been making clear its view that it sees 2.50% to 3.00% as the “

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