Fed: Three scenarios and the implications for EUR/USD and USD/JPY – TDS Fed EURUSD USDJPY InterestRate Banks
“Fed hikes rates by 75 bps and suggests that the economy remains too strong while inflation remains stubbornly elevated. Powell explicitly suggests that another 75 bps rate hike in December is possible as inflation remains stubbornly high. EUR/USD support ~0.9750. USD/JPY 150+ but risk of intervention.”“Fed hikes rates by 75 bps and statement shows no hint of deceleration given stubborn inflation data and strong labor market. Powell suggests that hikes may not continue at their present pace.
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