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Dollar to be Dot Plot Driven
Wednesday June 14: Five things the market is talking about Soft U.S inflation data is raising market uncertainty about the Fed’s policy plans for the rest of the year. Will Fed Chair Janet Yellen clarify their outlook this afternoon? The Fed is widely expected to agree on an interest-rate increase today (2:00pm EDT) at the conclusion of its two-day meeting. U.S policy makers will probably also acknowledge recent inflation declines, while sticking to previous guidance for another hike before year-end and a first step towards unwinding its +$4.5T balance sheet. Note: Fed officials have said for months they were ... (full story)
