Fed Expected to Hold Rates, September Hike on the Table
Markets expect the Federal Reserve to keep interest rates unchanged at this meeting, while pricing in a strong chance of a hike in September.
The Federal Reserve's interest rate decision is the main event for markets today. The central bank is widely expected to leave rates unchanged at the current meeting.
However, market pricing indicates a high probability of a rate increase in September. Traders also anticipate further tightening later in the year, though the exact timing remains uncertain.
Source: FXStreet Forex News