Forex markets prepare for a momentous shift in FOMC monetary policy

From hmarkets.com

Major markets are settling in for a key announcement from the Federal Reserve today. After last week’s rebound (some of which driven by risk-off trading), the dollar has been gradually weakening again in recent sessions. The perception is that the FOMC will take on board the sentiment from Fed chair Powell’s Jackson Hole speech and adopt a greater tolerance for inflation. No changes are expected to rates, but will the door be opened to shifting the emphasis of asset purchases? The issues to look for today is how significant changes to the language in the FOMC statement will be. Also, look for dovish shifts in the … (full story)