FXStreet (Delhi) – Research Team at Danske Bank, suggests that in today’s Fed meet, the focus is likely to be on the statement (no updated projections or a press conference in connection with the meeting). Key Quotes “We expect the Fed to be dovish by communicating implicitly that it will skip March and remain patient in the current environment. The main reasons are the weak US data, depressed markets and subdued core inflation. Our current view is that the Fed will increase the Fed funds target rate three times this year (April, September and December) but the downside risks to this call have definitely increased. The Fed will not risk tightening too much, too quickly, in our view. We cannot rule out that we will reconsider our view based on the FOMC statement. Markets have priced in one full hike this year and one next year.” For more information, read our latest forex news.