Forex Today: FOMC Minutes support ‘higher-for-longer’ while markets assess the ceasefire
Here’s what you need to know on Thursday, April 9th. The dollar index (DXY) has been hovering around 99.10, bolstered by a flight to safe assets as US trading wrapped up. This comes as expectations grow that the US Federal Reserve (Fed) will remain cautious with monetary easing. Following the latest Federal Open Market Committee […]
What do higher-for-longer interest rates mean for your money?
Alicia Levin, head of investment strategy at BNY Mellon Wealth Management, talks about “How to Make Money” and what it will take for the Fed to raise interest rates. The US Federal Reserve signaled at the end of its two-day meeting on Wednesday that interest rates will remain high for some time, ending the era […]