USDThe Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a rate cut in March is not their base case. The latest US GDP beat expectations by a big margin.The US PCE came mostly in line with expectations with the Core 3-month and 6-month annualised rates falling below the Fed’s 2% target. The US Job Openings surprised to the upside although the hiring and quit rates remain below pre-pandemic levels. The US Jobless Claims, on the other hand, missed expectations for the second consecutive w
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