Gains by the Dollar After the Fed’s Hike

Gains by the Dollar After the Fed’s Hike

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/gains-dollar-fed-hike-144346017.html
Published: Sep 18, 2026 10:43 AM

The first hike by the Federal Reserve (Fed) in three years supported the dollar against most other major currencies, with the large majority of participants expecting at least one more hike before the end of the year. This article summarises the Fed's statement and press conference with context from inflation then looks briefly at the charts of EURUSD and USDCAD. The majority expecting the Fed to hike on 16 September had grown fairly steadily in the fortnight or so before the meeting, so the main decision wasn't surprising. Forecasts for inflation in 2026 were revised slightly higher but held for 2027. Inflation remains significantly higher than the target but has declined somewhat from a pe...

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.