FXStreet (Delhi) – Research Team at TD, expects the Fed to stay on the sidelines at the January FOMC meeting as they await confirmation in the incoming economic data that the slowdown in growth and inflation momentum is transitory. Key Quotes “Notwithstanding the recent slowdown in economic growth momentum, which should be reflected in a slightly downgraded growth assessment in the statement, the Fed is likely to maintain its hawkish bias. TD expects the next hike in March. The market has moved swiftly in recent weeks, essentially pricing out all but one hike in 2016. As such, any indication from the Fed of their intention to stay the course on tighter monetary policy could potentially result in a dramatic repricing in rates.” For more information, read our latest forex news.