The FOMC left the federal funds rate unchanged at 0.5-0.75%. While the Fed noted that “consumer and

GBL: Fed More Sanguine

Global Markets Daily by Saktiandi Supaat

FX Research

The FOMC left the federal funds rate unchanged at 0.5-0.75%. While the Fed noted that “consumer and business sentiment have improved of late”. This was the only new addition to the statement compared to the one released after the Dec meeting, making it seemingly more sanguine on the outlook. However, apart from that, there was no signal on the next hike, not helped the least by the absence of a press conference. The DXY index reached towards the 100-figure before pulling back after ...