Markets Expect FOMC Protocol

Forex News

It is expected, that US stock markets will open steadily after reaching new record highs, as traders expect the release of the FOMC protocol from the September meeting. The US dollar also slightly strengthened in anticipation of the Fed's protocol.

Traders are looking for additional clarity about the interest rates of the US Federal Reserve in the future. The Fed surprised the markets last month, when it announced that another rate hike is forecast this year and three more in 2018, despite the fact that inflation remains well below the central bank's 2% target. According to the CME Group, the probability of an increase in the Fed's interest rate in December is 98.6%.