What bond and currency traders are looking for from Yellen’s Fed decision

From marketwatch.com

Bond and currency traders on Wall Street are focusing on how the Federal Reserve will factor pending legislative moves, like tax cuts, in their policy measures, according to market participants. Traders and strategists are expected to keenly watch for references to fiscal stimulus and the threat of market volatility next year in its updated policy statement, which could influence Treasury and dollar-pair trades. Wall Street is pricing in near certainty of a quarter-percentage point increase to benchmark interest rates at the conclusion of the Fed’s meeting on Wednesday, which will be the penultimate one for ... (full story)