The Federal Reserve increased its key interest rate by 0.25% to a 0.75%-1% range on Wednesday.
The Federal Reserve struck a familiar tone in its statement, pointing out that interest rate increases “will be gradual” in 2017, and maintained its view of three hikes in 2017.
Following the release of the Federal Reserve's interest rate decision to increase rates by 0.25% to a 0.75%-1% range, the dollar slumped while gold prices rose to new highs for the session.
The U.S. dollar index slumped 0.87% to trade at 100.74.
Gold futures rose $10.3, or 0.80% to $1210, while Treasury yields fell 3.09% with the U.S. 10-Year trading at around 2.517 by 14:08 EDT.
A news conference featuring Federal Reserve Chair Janet Yellen is expected at 14:30 EDT.
