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Analysts expect the Federal Reserve to hold rates at its February 1 meeting, with only about a 15% chance of a hike priced in. Nordea sees a June hike as the base case, while BofA warns the Fed could sound more optimistic.
A more hawkish Fed tone would lift the dollar and pressure dollar-priced commodities, while a hold keeps the currency range-bound.
poundsterlinglive.comNews, Data, ForecastsJan 31, 2017After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
