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FOMC Preview: What To Expect from the Fed
Posted on June 24, 2008
The summer doldrums may not last for long with the Federal Reserve interest rate decision right around the corner. Over the past few weeks, many currency pairs including the EUR/USD and GBP/USD have been trading in a range as the market tries to figure out how central banks will respond to the continual rise in inflationary pressures. After it surprised the markets with hawkish comments on April 30th, currency traders not only expect the Federal Reserve to pause on Wednesday, but to also raise interest rates before the end of the year. The tone of the FOMC statement and more specifically the d...
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