The Super Dollar recovers and rises more than 1% after the Federal Reserve’s announcement

The central bank expects inflation She will arrive Highest level in the last 40 years, about 11%, during the current quarterbut They opposed expectations of an interest rate hikeStating that Britain has already entered a recession That could last for two years, more than during the financial crisis of 2008-2009.

The Federal Reserve went up on wednesday Interest rates 75 basis pointsup to a target range of 3.75% and 4%It is the fourth consecutive increase, while its chief, Jerome Powell It dampened hopes of a more pessimistic shift in monetary policy.

“It’s too early to consider stopping” efforts to raise the target rate for federal funds, Powell said at a news conference on Wednesday.

Thursday, Futures markets have estimated that US interest rates will peak at 5.1%. in a meeting June 2023which is an increase compared to the 4.9% initially expected in May.

The dollar indexwhich compares the US currency to six other currencies, It grows 1.5% to 112,865, After it reached 113.15 at the opening of the wheel, its highest value since October 21. The euro from your side It fell 0.4% against the dollar to $0.9777.

The Pound drops up to 1.8% against the dollar Following the BOE’s statement, it fell against the EUR before regaining some strength. The British pound fell 1.2% to $1.1810..

In the United States, the performance of treasury bonds The two-year US dollar, most sensitive to changes in interest rate expectations, peaked at more than 15 years at 4.745%.

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