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Dollar Soars as Divided Fed Abandons Easing Bias on Aggressive Inflation Projections

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The Story

News Summary

  • The Federal Reserve held interest rates steady but eliminated its long-standing easing bias, signaling a hawkish shift.
  • Updated economic projections revealed a divided FOMC expecting higher inflation and a higher terminal funds rate of 3.8% by the end of 2026, while new Chair Warsh devalued forward guidance.
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EURUSD price history

1.16 +0.00% over the displayed period

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