Fed raises rates and hints at pausing its tightening cycle

The US central bank raised its benchmark interest rate by a quarter of a percentage point to the 5.00%-5.25% range as forecast. In his statement following the announcement, Fed Chair Jerome Powell gave hints that the Fed could now be set to pause its current hiking cycle. Tim Gagie, Head of FX & PM Solutions Geneva, shares his thoughts on the outlook for the US dollar, and Ronny Kaufmann, CIO Strategy & Investment Analysis, gives us an update on the latest thoughts of our CIO. 00:14 Introduction by Helen Freer (Investment Writing)00:40 Markets wrap-up by Jonti Warris (Investment Writing)05:33 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)09:42 Update from the CIO Office by Ronny Kaufmann (CIO Strategy & Investment Analysis)14:37 Closing remarks by Helen Freer (Investment Writing)