U.S. Dollar rises after Fed raises rates to 4.00%
The Fed raised interest rates to 4.00%, citing persistent inflation and energy-price pressure. The U.S. Dollar Index (DXY) moved higher following the announcement.
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The Fed raised interest rates to 4.00%, citing persistent inflation and energy-price pressure. The U.S. Dollar Index (DXY) moved higher following the announcement.
Braze reported fiscal second-quarter revenue of $227 million, up 26% year over year, and said non-GAAP operating margin improved by more than 600 basis points. It raised third-quarter and full-year revenue guidance.
U.S. job creation rose to 162,000 in August, beating WSJ consensus of 53,000, lifting Treasury yields and the dollar. July’s jobs data was revised to 21,000 from job destruction. Unemployment held at 4.1%.