The dollar is stronger against the pound, and little changed against the euro this morning ahead of the Federal Reserve’s interest decision.
Later today, the Federal Reserve’s two-day monetary policy meeting will conclude. The Fed is expected to raise rates for the second time since 2018 by half a point, which would bring the interest rate to 1%.
It is thought that the interest rate hike is largely ‘priced-in’, so the markets will also be listening out for any comments about the possibility of more hikes in the future.
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