- Fed keeps rates unchanged as was expected
- Fed signals no rate hike this year with one increase in 2020
- Median shows longer-run GDP unchanged at 1,9%
- Fed sees Core PCE 2% this year through 2021
Dot-chart after the March meeting. Source: Bloomberg.
Treasuries extend gains after the FOMC meeting. EURUSD soars over 1,14. Wall Street (US500, US100, US30) indices rise. Fed Chair Jerome Powell is due to hold a press conference at 6:30 pm GMT.
EURUSD soars after the FOMC statement release. Source: xStation5.