The Fed announced the beginning of Quantitative Tightening: a reduction of the balance sheet by $10 billion, beginning in October. That was fully priced in. What was left as an unknown was the path of future rate hikes. According to the dot-plot, the Fed is set to raise rates one more time this year, in December. Here is the full preview: window to short the dollar and two other scenarios.
The dollar reacts positively to the confirmation of a hike.
Here is a live coverage of this all-important decision by the Fed, done in collaboration with Valeria Bednarik of FXStreet and the FXStreet team.
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