Valeria Bednarik, chief analyst at FXStreet noted the forthcoming FOMC.
Key Quotes:
“The US Central Bank will release the updated projections of its funds target rate, alongside with the latest decision, and overall, the market is expecting them to signal 2 to 3 hikes this year, down from previous 4.
The FOMC will also offer its latest economic projections, but this last data won’t be relevant, given that policy makers have overestimated the economic developments in the country and the market knows it.
Rates are expected to remain unchanged between 0.25%-0.50%.”
See Valeria’s full FOMC preview here.
(Market News Provided by FXstreet)