Investors await the Fed's interest rate decision
Volatility is falling in markets as investors anticipate the US Federal Reserve's interest rate decision. CME Group's FedWatch Tool shows that investors are once again baking into prices the nearly 80% probability of a 0.5% rate hike, which reflects their expectations that the time of tight monetary policy will soon come to an end. It's likely that the dollar's value will continue to slide smoothly downward until the result of the FOMC meeting is announced.
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