1406 GMT - The dollar could suffer some knee-jerk weakness if the Federal Reserve raises interest rates as expected but signals fewer future rate rises than markets anticipate Wednesday, TD Securities strategists say in a note. The Fed could lift rates by 25 basis points but this is largely priced in, they say. Fed Chairman Kevin Warsh could cite higher-than-expected inflation as the motivation for potentially raising rates, they say. While he'll probably avoid forward guidance, the dot plot projections could show a median of two rate rises, they say. The DXY dollar index rises 0.2% to 99.566.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.