25 basis point rate hike

Week Ahead: Dollar Struggles as Geopolitics and Central Banks Take Spotlight

Week Ahead: Dollar Struggles as Geopolitics and Central Banks Take Spotlight

Prepare for an eventful week! The Fed will kick off its June 2-day FOMC meeting on Tuesday and is expected to announce a 25 basis points rate hike. The same day President Donald Trump will be in Singapore for the much-anticipated meeting with North Korean Leader Kim Jong Un. Simultaneously, U.K. Prime Minister, Theresa May, will ask her party to overturn changes to the E.U. withdrawal bill.