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Despite a marked slowdown in the US economy, the Fed is on course to raise rates. Will they surprise us by not hiking? That is a remote scenario. Assuming a hike, the focus will be on the next moves as reflected in the dot-plot, the statement and Yellen’s press conference. The Fed’s $4.5 trillion balance sheet is also coming to the forefront with potential news about its reduction. Where will the dollar land after the event?

Video Preview for the June 14th Fed decision: