The Federal Open Market Committee (FOMC) raised the policy rate by 25 basis points (bps), lifting the target range to 3.75%–4.0%. The move followed five consecutive meetings where the FOMC held rates steady. The post-meeting statement remained terse at 130 words. Despite elevated uncertainty, the Committee still characterized economic activity as expanding at solid pace, […]The post Fed Hikes After Extended Pause, Signals More Tightening Ahead appeared first on ActionForex.