The U.S. dollar, which slipped in early New York session on Wednesday after data showed a smaller than expected increase in the nation's private sector job growth, rebounded after the Federal Reserve's comments suggested a rate cut in March is unlikely.
As widely expected, the Fed maintained the target range for the federal funds rate at 5.25 to 5.5% in support of its dual goals of maximum employment and inflation at the rate of 2% over the longer run.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com