WATCH LIVE: Fed Chair Powell holds press conference post June 2021 decision

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imageEconomy21 hours ago (Jun 16, 2021 19:18)

© Reuters.

Key Points

  • Fed Funds Rate unchanged at 0.0-0.25%, QE unchanged at $120bln/month
  • Median dot sees first rate hike in 2023
  • 7 Fed members see first hike next year (Previously 4)
  • 13 see first hike in 2023 (Previously 7)
  • QE guidance unchanged: Will maintain purchases “until substantial further progress has been made towards the Committee’s maximum employment and price stability goals”
  • Link to FOMC statement and Summary of Economic Projections

Watch the press conference from Federal Reserve Chairman Powell from 19:30BST below:

WATCH LIVE: Fed Chair Powell holds press conference post June 2021 decision

Dollar extends gains on Fed boost

Dollar extends gains on Fed boost
By Reuters – Jun 17, 2021

By Saqib Iqbal Ahmed and Elizabeth Howcroft NEW YORK (Reuters) – The dollar extended its gains against a basket of currencies on Thursday, a day after the U.S. Federal Reserve…

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