Fed dot plot shows only 2 hikes – USD down

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The Federal Reserve was expected to leave the rates unchanged at 0.25% to 0.50%, update the dot-plot regarding rate hikes and give an assessment about the economy.

Update: 5 Dovish Points in the Fed Decision

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Financial conditions and inflation have improved, but wage growth remains slow and so does growth in general.

It is the first press conference and the first forecasts since the historic rate hike in December. The Fed left policy unchanged and remained cautious in January.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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