Little change in Fed pricing in the aftermath of the FOMC decision ...Middle East

The kneejerk reaction in the FX market to the Fed decision was lower in the US dollar. That reflects tail risks that the Fed might have introduced more of a hawkish bias after strong Q3 growth numbers and stubbornly high employment.Instead, the FOMC statement was generally left unchanged.Pricing for the December decision remains at about 25% with the odds for January at 38%. By the end of next year, there are 75 basis points of cuts priced in. Those numbers are all unchanged from before the announcement. This article was written by Adam Button at www.forexlive.com.

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