Following a 2-day meeting, the Federal Open Market Committee announced today that the central bank will hike the benchmark interest rate by 25 basis points to the target range of 1.75% – 2% as widely expected.
Analysts at TD Securities offered the changes between May 2, 2018 and June 13, 2018 FOMC meetings as follows:
Changes between May 2, 2018 and June 13, 2018 FOMC meetings
Market now await Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, who is slated to deliver his comments on the monetary policy in a press conference at 18:30 GMT.
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