The Federal Reserve surprised many people by hiking rates 75 basis points, that brings the target rate up to 150 to 175 basis points. How did the market respond? What is forecasted to come from the Federal Reserve in July? Marc breaks it down in the latest the Market Update.
About Marc Chandler
One of the most widely respected and quoted currency experts, Marc Chandler has been covering the global capital markets for more than 30 years. As a keen observer of the interconnection of international politics and economics, Marc appears daily in the financial press - CNBC, CNBC Asia, FOX Business, Bloomberg TV and Radio, Barron’s, The Financial Times, The Washington Post, and more – where he provides his colorful take on the day’s global financial and economic news.
Throughout his career on Wall Street, Chandler has advised private businesses, hedge funds and asset managers on navigating the foreign exchange market, and most recently joined Bannockburn Global Forex as Managing Director and Chief Market Strategist in their New York City office.
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