{"id":159322,"date":"2023-09-20T15:40:12","date_gmt":"2023-09-20T10:10:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=159322"},"modified":"2023-09-20T15:40:12","modified_gmt":"2023-09-20T10:10:12","slug":"higher-2024-dots-can-translate-into-another-usd-leg-higher-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/higher-2024-dots-can-translate-into-another-usd-leg-higher-ing-crypto-news\/","title":{"rendered":"Higher 2024 dots can translate into another USD leg higher \u2013 ING – Crypto News"},"content":{"rendered":"

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Markets have already written the script for the Fed<\/a> today: a hawkish hold, and an unchanged 2023 dot plot. Any FX action would depend on potential revisions to the 2024 dots, economists at ING report.<\/p>\n

FOMC not a huge event for the Dollar<\/h2>\n
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The overall message by the Fed should be supportive of the Dollar: keep the door open for more tightening if needed and do anything to dent the idea that rate cuts are a long way out. However, market expectations appear quite condensed around this script.\u00a0<\/p>\n<\/blockquote>\n

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The 2024 dots are where there is a bit more room for uncertainty: leaving the 2024 dot unchanged may not be enough to trigger a material USD correction (perhaps leaving USD largely unchanged, if matched with Powell’s verbal rate-cut pushback), but higher 2024 dots can translate into another USD leg higher.\u00a0<\/p>\n<\/blockquote>\n

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Beyond the short-term impact, we don\u2019t expect this meeting to be a game changer for the Dollar, as the focus will remain on US activity data.<\/p>\n<\/blockquote>\n

See \u2013\u00a0Fed Preview: Forecasts from 15 major banks, a pause, but the end of rate hikes?<\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: Markets have already written the script for the Fed today: a hawkish hold, and an unchanged 2023 dot plot. Any FX action would depend on potential revisions to the 2024 dots, economists at ING report. FOMC not a huge event for the Dollar The overall message by the Fed should be supportive of the […]<\/p>\n","protected":false},"author":2,"featured_media":15840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,459,366,255,684,250,252,247,253,249,334,256,254],"class_list":["post-159322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-fed","tag-gta","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-unitedstates","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=159322"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159322\/revisions"}],"predecessor-version":[{"id":159323,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159322\/revisions\/159323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/15840"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=159322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=159322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=159322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}