The U.S. Federal Reserve kept the benchmark US interest rate unchanged at 100-125 basis points as expected and also anticipated was the announcement that the central bank’s balance sheet will start its reduction in October.
The US dollar has advanced across the board as the economic projections from Fed members are mixed, but there are still some members forecasting a rate hike later in the year.
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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