Fed to deliver 25-basis-point hike in May, stay on hold rest of year – Reuters poll

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“The US Federal Reserve (Fed) will deliver a final 25-basis-point interest rate increase in May and then hold rates steady for the rest of 2023,” per the latest Reuters poll of 105 economists published early Thursday in Asia. The survey details also showed a short and shallow recession this year was likely.

As the latest polls fail to provide any fresh insights than widely discussed in the markets, the EUR/USD pair remains sidelined around 1.0950 after falling the previous day.

Also read: EUR/USD Price Analysis: Bears flex muscles but 1.0910 is the key support

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