FOMC
This is the third time in a row for Fed to raise interest rates against the background of its struggle with the US soaring inflation due to the Ukraine crisis and its impacts on world economies.
The US Federal Reserve raised the benchmark lending rate, the second increase of the year, and signaled two more hikes were coming in 2018 and four in 2019
The dollar was on the defensive Thursday after suffering its worst drubbing in five months.
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