Wed, 13 Dec 2023 20:04:57 GMT
US Federal Reserve announces Federal Funds Rate
On Wednesday, at 19:00 GMT, the US Fed Funds Rate was released. The event rocked the financial markets causing major volatility.
The market consensus forecast was that the US Fed would keep its Federal Funds Rate at 5.50%. As expected, the rate was kept at that level. The US Dollar index reacted to the initial rate announcement with a sharp