The $GBPUSD pair drifted upwards after the hawkish Fed decision.
The Fed delivered a hawkish interest rate decision on Wednesday. After concluding the two-day meeting, the bank decided to hike rates by 0.75%, the highest increase since 1994. And in a press conference, Jerome Powell warned that the bank could hike rates by another 0.75% in its upcoming meeting.
Still, amid the hawkish talk, there are concerns that the bank could be moving too fast. A notable fact is that Esther George, one of the most hawkish FOMC members, did not vote for a 75 basis point hike. Instead, she supported a 0.50% increase.
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