Dollar sags as Fed decision looms; yen surges | Economic Times

Dollar sags as Fed decision looms; yen surges https://ift.tt/a3zoxtn widely expect the Fed to raise its benchmark interest rate by 75 basis points (bps) on Wednesday, the fourth such increase in a row. But for the December meeting, the futures market is split on the odds of a 75- or 50-bps increase amid recent suggestions from Fed officials of a potential slowdown in the tightening pace.