What will happen?

The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28.

It is the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

Federal Reserve’s latest quarterly forecast on June 16 indicated the potential for earlier-than-expected rate hikes. That made traders rush into the USD.

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What will happen?

How to trade on the FOMC statement?

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