FED halted the interest rate hiking decision for the first time in the last 9 meetings. Jerome, FED chair stated that they have tried to curb inflation over the last couple of months and pledged not to change the interest rate. Interest rates stand at 5.25%, previously 5.25%, and have seen the dollar rise above the 141.305 mark.
NB: INITIAL JOBLESS CLAIM REPORT will be unveiled today at 3:30EST and it has a significant impact on the financial market . It is good for intraday traders to be cautious
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