After the Federal Reserve announced that it kept the target interest rate unchanged at 1.75%-2% range on Wednesday, the CME Group FedWatch Tool’s odds for a 25 bps rate hike in September ticked down to 90% from 91% seen on July 31. However, the probability of a second rate hike in December rose to 66.4% from 64.7%. In its monetary policy statement, the FOMC said that the longer-term inflation expectations were little changed and reiterated that further gradual increases in the fed funds rate would be consistent with the sustained economic expansion, strong labor market, and the inflation objective. 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 EUR/USD rises marginally after FOMC decision FX Street 5 years After the Federal Reserve announced that it kept the target interest rate unchanged at 1.75%-2% range on Wednesday, the CME Group FedWatch Tool's odds for a 25 bps rate hike in September ticked down to 90% from 91% seen on July 31. However, the probability of a second rate hike in December rose to 66.4% from 64.7%. In its monetary policy statement, the FOMC said that the longer-term inflation expectations were little changed and reiterated that further gradual increases in the fed funds rate would be consistent with the sustained economic expansion, strong labor market, and the inflation objective. 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.
