Special report: FOMC Preview – Eyes on the Dot Plot
Market participants are now firmly focused on the upcoming Fed decision that could bring with it a good deal of volatility. No policy changes are expected, but this time round we get economic and interest rate projections accompanying the monetary policy statement, along with a Yellen presser.
Next 24 hours: US Dollar Slammed, Risk On Post FOMC
Risk markets have responded well to the the FOMC decision, at least for now, with the US Dollar getting hit hard on the back of the more dovishly perceived decision. While the Fed left policy on hold as expected, there was a clear scaling back of what had been a more aggressive rate hike timeline at the December meeting.