The Federal Reserve keept the fed funds rate at 0-0.25% and bond-buying at a $120 billion monthly pace during the June 2021 meeting as widely expected. Fed lifted interest rate on excess reserves (IOER), from 0.10% to 0.15%, due to rising pressures in the short-term lending market. Median projections shows two hikes in 2023.
US500 fell sharply after today’s FED decision. Source: xStation5
Fed Shocks Markets: Slower Growth, Inflation Surge, and Rates "Higher for Longer"
BREAKING: USD extends gains to 1% after the FOMC Conference
BREAKING: EURUSD down 0.4% after the FOMC!
Daily Summary: Will the Fed shake the market?