Expectation is for the Federal Funds Rate to increase for 1.50% to 1.75%.
This is likely to give strength to the US dollar, but since the rate increase has been expected, the impact of the decision is likely to be priced in.
Therefore, more importantly, we’ll need to look at the economic projections/statement/conference for an indication of how the FOMC views the US economy for the future.
Paying extra attention to on their expectation on
- 3 or 4 interest rate increases for 2018
- Confidence with regards to achieving the inflation target
- Employment situation, given that we had a strong NFP but weaker unemployment and wage data.