US Federal Reserve in June 75 basis point rate hike and at subsequent meetings 50 or 75 basis points He said the increases would be reasonable.
The minutes of the FED’s June meeting will be published today at 21.00 CET.
Due to the effect of the extra hawkish statements from the minutes on the markets, the eyes are now turned to 21.00.
The 75 basis point rate hike in June was the highest rate hike since 1994.
In the minutes, the issues discussed by the FED members regarding the economic outlook and the fight against inflation will be followed closely.
It is also among the issues that are wondered whether the FED members have made an assessment of the recession risks.
Before the release of the minutes, the dollar index rose as high as 106,992. These levels were last seen in the dollar in 2002.
While the dollar continues to maintain its strength, we see that risky assets have difficulty in recovering.
US futures continued their sideways movements with slight losses. bitcoinWe observe that . is trying to protect $20,000.
The pressure on the markets may continue until a relief is seen on the dollar index side.
The next Fed rate decision will be announced on July 27 at 21:00.
We see that the markets expect an interest rate hike of 88.5% by 75 basis points at the next meeting and price it.
