The Fed makes its last decision of the year. It is of high importance because it is the first one after QE ended and it is accompanied by a press conference by Chair Yellen and updated Fed forecasts. The focus is on two words related to the interest rate: “considerable time”. Will the Fed look at improving employment or at falling inflation? Its two mandates are going in different directions, and this could certainly be a cause for volatility.
News: Fed removes “considerable time” but calls for patience – USD eventually slides
Join Valeria Bednarik of FXStreet and I for a live coverage of the Fed decision, on Wednesday, December 17th, from 18:45 GMT in the video.
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