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US Dollar Pivots Lower as FOMC Decision Holds Current Path 2020-12-16 19:00:00 Thomas Westwater, Analyst
US Dollar, FOMC, Economic Projections – Talking Points
FOMC releases economic and interest-rate outlook, leaves rates unchanged
Asset purchases to continue until substantial further progress has been made
Summary of economic projections shows uncertain, but improved outlook Advertisement
The US Dollar saw volatile movement as markets assessed the most recent interest rate decision from the Federal Reserve s FOMC. The Federal Reserve kept interest rates unchanged in the latest monetary policy decision. The benchmark rate remains at the 0.00-0.25% bound as policymakers aim to support the ongoing recovery through its asset-purchase program and policy guidance. At the same Treasury curves steepened but moderated back to pre-decision levels as Chair Powell took the podium for the post