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US Fed Meeting Live: FOMC to meet next on Oct-Nov 1
US Fed Chair Powell-led FOMC will meet now on October 30 – November 1 to deliberate for the next set of policy decisions.
US Fed Meeting Live: US Dollar rises as Fed skips rate hike but reiterates hawkish stance
The US dollar index, which measures the currency against a basket of rivals, was 0.09 per cent higher at 105.21, after having been as low as 104.66 earlier in the session. The index rose for its ninth straight week last week, its longest winning streak in nearly a decade as resilient US growth has fueled a rebound in the dollar.
US Fed Meeting Live: Two-year yields hit highest since 2006 after FOMC verdict
Treasury two-year yields climbed to the highest level since 2006 and stocks retreated, with the Federal Reserve signaling interest rates will be higher for longer after deciding to stay on hold Wednesday. Swap contracts priced in fewer rate cuts next year than previously anticipated. The S&P 500 pushed lower, while the tech-heavy Nasdaq 100 underperformed.
