Federal Open Market Committee (FOMC)
FOMC 16th March 2022
On 15th to 16th March 2022, the Federal Open Market Committee (FOMC) meeting was held. Participants provided their projections on their predicted outcomes for the unemployment rate, the real gross domestic product growth (GDP), and the inflation from 2022-to 2024. As a result, FED hiked the rates by 25 points (0.25), the first hike since the year 2018. It is also hinted at balance sheet reduction beginning off around May 2022.
What does it mean for the Dollar?
If there is a rate hike, the Dollar Index (DXY) and other associated currencies will appreciate. It implies a BUY is triggered.
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
