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Markets up after Fed rate hike

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks rallied for the third session in a row after Federal Reserve raised interest rates for the first time since 2006. The dollar weakened with the live dollar index showing the ICE US Dollar index, a measure of the dollar’s strength against a basket of six currencies, fell 0.3% to 97.871. The Federal Reserve raised the target range of its federal funds rate by 25 basis points to 0.25%-to-0.50% while inflation hasn’t reached the 2% target. The increase in the key interest rate was widely

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