The U.S. Federal Reserve will announce its interest rate decision tomorrow and unless the central bank turns out to be more hawkish than the market is anticipating, it is unlikely to be bullish for the dollar. The financial market is pretty convinced that the U.S. Federal Reserve would increase rates for the fifth time since 2015 and for the first time in 2018. The market is currently pricing a hike tomorrow 94.4 percent probability.
In its January FOMC projection, the Fed forecasted three rate hikes for 2018, after increasing interest rates thrice in 2017. The market is currently pricing the third hike in December with 78 percent probability. If FOMC continues to project three rate hikes for 2018, the probability of the second and the third hike might move up but that wouldn’t be sufficient to push the dollar higher as it has been struggling lately as the focus shifted on policy winding by other major central banks around the world.


BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200
BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert
Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 



