FOMC’s interest rate hike fuels the Greenback rally even further

2 min read

Most of the market segments had anticipated a rate at hike at today’s concluded FOMC (Federal Open Market Committee) meeting. However, the pundits were also of the unanimous view that it would be a dovish rate hike considering the fact that the inflation has been subdued in the U.S, with markets exhibiting extreme volatility caused by the tariff war between U.S/China & the mounting political pressure on the Feds by U.S President Trump who tweeted this earlier: “It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.