It's gonna be a good favor for the greenback?
Bond Traders' March Fed Guide: Beware the Four-Hike Hype So Soon
For a Federal Reserve meeting at which an interest-rate hike is virtually guaranteed, the decision still holds plenty of market-moving potential for bond traders. That’s because new Federal Reserve Chairman Jerome Powell gave markets the impression last month that he’s open to tightening four times in 2018, rather than the three currently reflected in policy makers’ “dot plot” projections. Officials will update those forecasts this week, and Powell will hold a press conference, after his February signals encouraged a fresh round of U.S. yield-curve flattening. Some Wall Street banks (notably Goldman Sachs ... (full story)