WEEKLY FOREX FORECAST; March 22, Fed Interest Rate Decision

Due to the takeover of Credit Suisse by UBS and the announcement of additional liquidity by central banks, the markets have significantly market mood improved.
At Wednesday’s Fed meeting, investors should follow the policy statement and a new summary of Economic Projections (growth, inflation, and unemployment rate forecasts plus the dot plot) as the data can cause high volatility in the market.
The Fed is widely anticipating hiking its benchmark rate by 25 bps, as inflation is still running well above the central bank’s target rate. Meanwhile, traders and economists are divided on whether the Fed will raise its benchmark rate by 25 bps on Wednesday or not.

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