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Back Fundamental analysis
Market doubts further Fed rate hikes
On September 16, the Fed raised
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On September 16, the Fed raised its policy rate by 25 basis points to 3.75–4.00%. This was the first increase since July 2023. The updated dot plot showed the median year-end rate forecast rising from 3.8% to 4.1%, implying at least one more hike. On paper, that should have supported the US dollar. But the market didn't buy the hawkish signal. By the next day, CME FedWatch futures showed parity: the odds of a rate hold on October 28 and another
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