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Market Impact: 0.35
Dollar Falls Back After FOMC Results Have a Dovish Tint
Source: Nasdaq
Monetary PolicyInterest Rates & YieldsCurrency & FX
The FOMC held its federal funds rate target at 3.75%–4.00% in a 10–2 vote; Cook and Hammack dissented in favor of a rate hike. The dollar index rose in the morning but fell after the decision, ending the day down 0.22%.
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