-
Week Ahead: Market Awaits First Fed Rate Outlook
Currency market participants are eagerly anticipating the conclusion of the Federal Reserve's policy meeting Wednesday, when officials will for the first time provide details on where they see short-term interest rates heading. Few are anticipating any surprises in the Fed's initial three-year outlook, which is expected to show rates are likely to remain at low levels until at least late 2013. But over time, the forecasts could inject new volatility into the dollar's movement against other major currencies. The concept of a rate outlook from the Fed is also so new that it could give the dollar a jolt Wednesday, even ... (full story)