The Fed is set to make its decision today and the focus is on the word “transitory”. However, the bigger decisions are still down the road. The team at BNP Paribas changed their forecasts for the next rate hikes. Here is their view, courtesy of eFXnews: BNP Paribas economists have made significant changes to their forecast for the Federal Reserve’s policy as they now expect the US central bank to leave the Fed funds target range unchanged for the balance of the year and to hike rates just three times next year. “Soft CPI readings are the main reason for the expected pause, with BNP Paribas projections for the core PCE deflator this year too soft to support rate hikes ahead of a likely change to the Fed’s leadership next year. We still expect the Fed to begin its balance sheet reduction this year with an announcement in September, and three rate hikes next year are still more than markets are pricing in,” BNPP adds. In light of this new outlook for Fed policy, BNPP FX Strategy Research is currently putting its G10 FX forecasts under review. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next Trading the US Q2 2017 GDP with EUR/USD Yohay Elam 6 years The Fed is set to make its decision today and the focus is on the word "transitory". However, the bigger decisions are still down the road. The team at BNP Paribas changed their forecasts for the next rate hikes. Here is their view, courtesy of eFXnews: BNP Paribas economists have made significant changes to their forecast for the Federal Reserve's policy as they now expect the US central bank to leave the Fed funds target range unchanged for the balance of the year and to hike rates just three times next year. "Soft CPI readings are the main reason for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.