Fed & Bank Of England Raise Rates, What Is The Impact On Currencies?

<p>The Bank of England raised rates today to 0.75% and adopted a dovish tone due to geopolitical tensions. Michael Zarembski weighs in on the Fed raising interest rates 25 BPS. The Fed sees inflation of 4.3% at the end of 2022 and 2.7% for 2023. FOMC: "anticipates that ongoing increases in the target range will be appropriate." He also discusses currencies such as the U.S. Dollar (/DX), Euro (/6E), British Pound (/6B), and the Japanese Yen (/6J).&nbsp;</p>