Get our GBPUSD Forex signal here:
The Fed and the BOE were in the spotlight last week as they held and concluded their monetary policy meetings. The two sessions confirmed that the market was in a new normal of higher interest rates.
The bank’s dot plot also signaled that officials were looking forward to six more rate hikes this year. In later statements, some officials hinted that the next rate hike could be 0.50%. If this happens, it will be the first time that the bank has raised rates by 0.50% in years. A common theme between the two banks was that the labor market is tightening while inflation will continue rising. Because of the supply chain challenges, the two banks warned that rate hikes will not help to lower inflation for now.
Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer: