According to the research team at UOB Group, the FOMC meeting could deliver a hawkish statement on Wednesday. Key Quotes “All eyes will be on the March 15-16 FOMC meeting decision (which is accompanied by the updated Summary of Economic Projections and a scheduled press conference by Janet Yellen)”. “We do not expect the Fed Reserve to hike its policy rate or start trimming its balance sheet in March but the Fed may issue some hawkish signals to keep the potential rate hike decision alive in the April and June FOMC”. “The market will also closely watch the dot-plot chart which may show a further moderation in the rate hike trajectory to three or even two 25bps rate hikes in 2016 (down from four hikes projected in the Dec 2015 FOMC dot plot)”. For more information, read our latest forex news.