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%.
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉
DE40: Adequate data, Mild growth