ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
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Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
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South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
US Federal Reserve has succeeded in its communication in October monetary policy meeting, even though there hasn't been any press conference scheduled for that meeting.
By tweaking its language and stressing on the next meeting FED has successfully been able to align market expectation to a possible rate hike in its December monetary policy meeting, also keeping the door open to a no-move, without disrupting the market much.
Atlanta FED president Dennis Lockhart thinks so.
Market has started pricing more than a 50% change of a rate hike in its December meeting and if data goes down well that conviction will only strengthen as the data closes in.
This week Chair Janet Yellen, in her congressional hearing, strongly indicated that December rate hike remains live possibility and that came despite weakness in October PMI report and rise in mortgage rates.
New York FED president, William Dudley who has a permanent votes in FOMC, supported Yellen's view.
Dollar is strong and likely to remain well bid heading into December.
FXCM Dollar index is currently trading at 12120, its highest level since April this year.
