The Fed implemented a rate hike of 25 basis points as expected. The original thought was that we would see 3-4 rate hikes in 2018, it now seems that we will see 4.

If we look at the Dot Plot, the Median moved from 2.125 to 3.125 on the back of the rate announcement which offers us a more Hawkish tone from the Fed going forward.

A kneejerk reaction of Dollar strength in the moments after the rate was announced.

FOMC press conference to follow at 2:30pm.