The FED is coming up. What to watch out for?
The FED FOMC meeting statement and the press conference from the chairwoman Yellen will be up shortly. What should we watch out for?
1. The Brexit fears – How much priority will the FED give to Brexit?
2. The global economy – The global economy has improved but will it be enough for the FED to be more hawkish?
3. The domestic economy – The US economy has improved as well in the recent month apart from the manufacturing sector. Again, will it be enough for the FED?
4. The inflation – The oil prices have picked up and so has inflation. Will the FED mention this on the statement?
5. The dot plot – Will they lower the interest rate hike dot plot?
If all of these points are recognized by the FED then the statement will be 4-1 on the hawkish side, which will be positive for the US Dollar.
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