There were neither a press conference nor updated macro projections at this meeting. However, it was a hawkish hold as the bank reiterated that “The Committee is confident that maintaining the OCR at a restrictive level for a sustained period will return consumer price inflation to within the ...
The Federal Reserve left interest rates unchanged for the seventh consecutive meeting. Fed officials also published their quarterly summary of economic projections, includingthe dot plot, which suggested policymakers expect one interest rate cut this year. Treasury yields crept higher following the Fed's...
But rate-cut bets have swung wildly this year, and a surprise spike could further jolt projections, rattle asset prices and put the yen right back on the ropes. The yen was stuck on the weak side of 161 per dollar in Asia on Thursday and markets in Tokyo and Taipei notched record highs...