The Federal Reserve raised rates as broadly expected. Join our live coverage of the decision and all the currency movements The Fed removed the word “accommodative policy” from its statement, indicating that the interest rate nears neutral. This is a dovish move. Developing story The Fed was also projected to continue signaling another rate increase in December, making it the fourth hike in 2018. Markets were uncertain about future Fed policy as the central bank’s interest rate already matches inflation, thus making it not accommodative anymore. Some Fed officials suggested applying tight monetary policy. The Fed’s dot plot provides some answers and so does the FOMC statement. Special attention was also dedicated to the word “accommodative”. GDP growth was quite robust and wage growth has recently accelerated. On the other hand, the recent inflation report showed core inflation slipping from the highs. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FOMC raises the target for Fed funds rate by 25bp to 2.00-2.25% FX Street 4 years The Federal Reserve raised rates as broadly expected. Join our live coverage of the decision and all the currency movements The Fed removed the word "accommodative policy" from its statement, indicating that the interest rate nears neutral. This is a dovish move. Developing story The Fed was also projected to continue signaling another rate increase in December, making it the fourth hike in 2018. Markets were uncertain about future Fed policy as the central bank's interest rate already matches inflation, thus making it not accommodative anymore. Some Fed officials suggested applying tight monetary policy. The Fed's dot plot… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
