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The May FOMC meeting brought little by way of surprises – rates unchanged, guidance unchanged, albeit with a marginally quicker QT taper than some had expected. Clearly, the next move in the fed funds rate will still be a cut, with the Committee continuing to seek confidence on inflation returning towards 2%, before beginning to normalise policy. As widely ...
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The U.S. dollar fell sharply to the upper 155 yen range early Thursday in Tokyo after the U.S. Federal Reserve decided to hold interest rates steady, while another suspected yen-buying intervention by Japan also pushed the yen higher. The U.S. currency briefly sank to 153.00 yen from the upper 157 yen range overnight, in what some believe may have been ...
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