The US Dollar continues to tread water to start the week ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday.
The market is anticipating a 25 basis point (bp) lift in the target rate. Friday’s PCE inflation data suggests that a slowing in the pace of hikes might be appropriate.
A crucial aspect will be the post-decision press conference where Fed Chair Jerome Powell will be speaking in a question-and-answer session. US Treasury Secretary Janet Yellen highlighted recession risks last Friday.
