Markets Volatile Ahead of Fed Rate Decision and Yellen Live Video Press Conference
Traders are bracing for the release of the FOMC rate decision today and the follow-up live video press conference with Fed Chair, Janet Yellen.
While it is almost certain that Yellen and the Fed will not move on any interest rate changes today, markets are on edge over the guidance for the beginning of a rising interest rate cycle.
The US dollar has been gaining strength as the Fed moves closer to the inevitable tightening “lift-off” date. A decision to postpone an interest rate increase until 2016 may have a dramatic effect on global markets.