Today, Wednesday 26th September will see the financial markets focus firmly on the Fed and the FOMC Meeting, which is expected from market pricing to deliver another interest rate increase.
Critical to focus on will be the statement and the press conference. Is the labour market too tight, is the flattening on the US Treasury yield curve a concern, are growing trade war tensions a significant concern?? These are all questions to which the market will seek answers.
Key markets to watch into the event will be the US Treasury Notes which for now is bearish (here we focus on the US 10yr Future) and the broad, benchmark equity average, the S&P 500, which currently stays bullish (here we look at the S&P 500 E-mini future).
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/the-fed-the-key-focus-today-with-rate-hike-priced-in/