The FOMC left the interest rate unchanged in its November meeting as widely expected. The Fed will not release new forecasts nor hold a press conference. The team led by Chair Janet Yellen is quite positive about the economy: they see it as growing at a “solid rate”. However, the wording about inflation is now “soft” and not transitory. So, a December hike remains very very likely, but 2018 could see fewer than three hikes, but there’s still time.
Here is the preview: Fed: 4 reasons to cement the hike, one reason to send the dollar down
The dollar has been somewhat mixed ahead of the event. Follow our live coverage of the event.
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