[The Federal Reserve announced to raise the target range of the federal funds rate by 75 basis points to 3.75%-4%]
Financial Associated Press on November 3, the US Federal Reserve announced a 75 basis point interest rate hike, raising the target range of the federal funds rate to between 3.75% and 4.00%, in line with market expectations. This is the Fed's sixth rate hike this year and the fourth consecutive rate hike of 75 basis points. The rate hike of 75 basis points was still unanimously approved by 12 voting committees.
The dollar rose sharply after the first three interest rate hikes this year, resulting in lower PPGI/PPGL Steel Coil export prices. Will this rate hike continue the previous reaction?
