Fed signals one rate hike in 2016 but dollar comes under pressure
Posted on September 21, 2016 at 8:46 pm GMTThe Federal Reserve decided to leave the federal funds rate unchanged in a range of 0.25%-0.50% at the end of its two-day meeting today in what was the most divided vote since December 2014. Three members of the FOMC dissented in the September meeting with Esther George, Loretta Mester and Eric Rosengren all voting to raise rates by 0.25%. This signalled that the Fed is getting closer to raising rates again, having stood pat since last December, when it tightened monetary [..]