In yesterday’s American session, the FOMC hiked its interest rate by 0.25% reaching +2.00%, as was expected. Also the dot plot changed implying 2 more hikes could be expected in 2018.
Overall there was neutral to hawkish tone in the accompanying statement and most of the Fed’s anxieties were shrugged off. The USD strengthened upon the decision however relented most of the gains later on.
