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Fed was arguably more hawkish than expected, now seeing four hikes this year, or cumulative 100 bp. In addition, the bank is going to hold press conferences after every meeting, starting January 2019, which could be seen as more opportunity to hike further, provided that the economy maintains current pace. U.S. dollar spiked higher initially but reversed the very next hour, which is telling. We'll see what European traders have to say before heading to pubs and TV screens, as FIFA World Cup starts today.
