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Dollar dives as Fed pulls in rate hike horns
[Reuters] - The dollar tumbled on Thursday, lifting world shares to their highest level of the year, after the Federal Reserve scaled down its own expectations of the number of U.S. rate hikes likely over the next nine months. The Fed, via its 'dot plot' system, which charts what rate moves policymakers expect, effectively chopped those forecasts in half, from four hikes to two in a nod to the "global risks" casting a cloud over the world's largest economy.
Dollar dives as Fed pulls in rate hike horns - Yahoo Finance
[Reuters] - The dollar tumbled on Thursday, lifting world shares to their highest level of the year, after the Federal Reserve scaled down its own expectations of the number of U.S. rate hikes likely over the next nine months. The Fed, via its 'dot plot' system, which charts what rate moves policymakers expect, effectively chopped those forecasts in half, from four hikes to two in a nod to the "global risks" casting a cloud over the world's largest economy.
Dollar dives as Fed pulls in rate hike horns - Yahoo Finance
