FOMC announced its latest monetary policy decision today at 7:00 pm GMT and it turned out to be in-line with market expectations. The US central bank hiked Fed funds rate by 50 basis points, from 3.75-4.00% to 4.25-4.50% range. Median rate forecast for 2023 came in at 5.1%, up from 4.6% in September's projection. Median for 2024 was announced at 4.1%.
Economic Calendar: Earnings, US Retail Sales and Fed to Fight for Investors' Attention (16.07.2026)
BREAKING: GBPUSD up 0.1% after better-than-expected UK GDP data 🇬🇧 📈
Daily Summary: Wall Street Gains, Dow Jones Near All-Time Highs After Softer PPI Data
Market Wrap: Indices gain on technology stocks rise and lower US PPI data