Markets settle in ahead of the FOMC decision

News

Sideways trading through the statement

Early US dollar strength has moderated in the lead-up to the FOMC decision, with the euro and pound bouncing back.

Gold has finally found a floor at $1760 after the earlier agressive selling. The S&P 500 is down 6 points.

Many eyes are on the front end of the Treasury curve and US 2s hit 0.50% briefly earlier but have returned to 0.48%, up 2 bps on the day.

Here’s a good chart from ZeroHedge on what’s priced in:

What's priced in

 
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