Fed raises rates but rate forecasts unchanged – dollar

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The Fed raises rates, leaves dot plot at 3 hikes. While more members see 3 hikes in 2017, there is no change in the median for 2017 and 2018. The well-balanced statement is probably below market expectations

The dollar falls on a “buy the rumor, sell the fact” reaction.

In the press conference, Yellen clarifies that the Fed made no changes to the outlook. Raising rates now basically does not mean an accelerated pace or higher rates in the longer term. This pushes the dollar even lower.

Analysis: Why the dollar fell on the rate hike – 5 reasons

More: Did the Fed “sneak in” a hike because of strong stocks?

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Fed March Hike Live Blog – as it happened

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The Federal Reserve made it clear that it is about to raise interest rates in March. The bigger question is: what’s next? (See the full Fed preview) The dot-lot, new forecasts, the FOMC statement and the press conference by Fed Chair Janet Yellen are set to direct the next direction of the US dollar.

Live Video Coverage – As it happened

Valeria Bednarik, Mauricio Carrillo and I cover it live in the video below:

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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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