
- USD/JPY rises as the Federal Reserve cut its benchmark interest rate by 25 basis points (bps) to a target range of 4.25% – 4.50%.
- The Federal Reserve lowered the policy rate by 25 basis points (bps) to a range of 4.25% – 4.50%.
- Fed officials forecast that the economy will continue to expand at a solid pace, even though labor market conditions have softened.
- The FOMC will consider incoming data, the evolving outlook, and the balance of risks when making future interest rate decisions.
On Wednesday, the USD/JPY currency pair rose after the Federal Reserve cut interest rates by
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