On the Minds of Investors
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June 15, 2018
Will a stronger dollar make a difference?
This week saw major announcements from both the Federal Reserve (Fed) and the European Central Bank (ECB). As expected, the Fed hiked the Fed funds rate 25 basis points to a range of 1.75-2.00%, while signaling that they expect to hike rates two more times this year and potentially three times next year against a backdrop of falling unemployment and firming inflation.
Short-term currency movements are driven by rates and growth