Key event today will be the FOMC meeting

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Market Movers Key event today will be the FOMC meeting. We expect the Fed to keep the federal funds rate target unchanged at 0.25-0.50% but focus will be on the accompanying statement, see Fed unlikely to risk tightening too much, too quickly , 25 January. We stress that we expect the Fed to make an attempt to be dovish by communicating implicitly that it will skip March as a possible hiking month and remain on hold in the current environment. Indeed, the Fed will not risk tightening too much

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