Forex
Rate Hike Tensions Loom as Fed Raises Rates for First Time in Over Three Years
The Federal Reserve raised interest rates for the first time in over three years, pushing the U.S. dollar index to its highest level since July 31.
Chairman Powell's hawkish signals, along with the Fed's dot plot, indicate that rate hikes will continue in the months ahead.
The Bank of England is set to announce its interest-rate decision later this week, while the Bank of Japan will make its decision on Friday, sparking a new round of rate-hike tensions.