U.S. Highlights The Fed increased the monetary policy rate by 75 basis points to a range of 3.75-4%, opened the door to a slower pace of tightening, while also setting expectations for a higher terminal rate. The ISM purchasing mangers' indexes weakened in October, suggesting that demand is softening. The economy added 261k new jobs, […]
The post The Weekly Bottom Line: A Hawkish Pivot appeared first on Action Forex.