The Federal Open Market Committee held rates steady for the fourth meeting in a row at a range of 4.25-4.5 per cent, despite the US president calling earlier on Wednesday for chair Jay Powell to slash borrowing costs by at least 2 percentage points.
Just hours before the decision, Trump called the Fed chair “stupid” and asked whether he could “appoint myself” to the central bank.
Comments from the FT.com
Personally, looking at the USD don’t like the lack or appreciation given the situation in the Middle East.
American money is moving abroad, let’s see if this continues for a few quarters or years.
