It's Fed day and the market is nervous.The US dollar has strengthened and equities have sunk on fears the Fed could introduce more-hawkish language. Here is what to watch for:1) How likely are hikes?The market started out the year by pricing in more than 150 basis points in Federal Reserve rate cuts this year. That's dwindled down to 30 bps. That move has fuelled the US dollar rally so far in 2024 but equity markets have been sanguine, in part because the hot inflation has come with a strong economy. However that attitude won't last if the pivots to an outright hawkish stance.I wouldn't expect to see anything explicit in the statement but Powell will be repeatedly prodded about if/when rate
Hence then, the article about preview five things to watch for in the fomc decision was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Preview: Five things to watch for in the FOMC decision )