The Fed is practically certain to raise interest rates by another quarter-percentage point on Wednesday at 1800 GMT. With such an action being fully priced in already, investors will probably focus more on the updated rate projections, economic forecasts, and Chair Powell’s press conference for fresh guidance. Given a booming US economy, policymakers are likely to appear optimistic overall, potentially providing a modest lift to the dollar. Life is good if you are a Fed policymaker. Or at least, better [..]
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