US Dollar Near 18-Month High as Fed Rate Hike Fears Grow
The latest developments followed the release of minutes from the Federal Reserve's September policy meeting. Officials had unanimously approved a quarter-percentage-point interest rate increase, bringing the federal funds target range to 3.75%–4.00%. While policymakers differed over the reasons for tightening monetary policy, persistent inflation emerged as a significant concern. Investors consequently continued to anticipate the possibility of another interest rate increase before the end of 2026, although an immediate move in October appeared less likely.
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