Forex
Fed Hike Looms: Traders Pin 92% Odds on FOMC Decision
The Federal Reserve is set to hold its FOMC meeting on September 15, and traders are pricing in a 92% chance of an interest rate hike.
A Reuters poll showed that 86 out of 101 economists expect the Fed to raise rates to the 3.75-4.00% range.
The market will be watching for the statement, SEP, and press conference, as well as Chairman Warsh's responses to three key questions: what would prompt another hike, why they hiked this time, and how to interpret the dot plot.