The Federal Reserve will conclude its latest monetary policy meeting this evening. It’s widely expected that officials will announce the tapering of the huge bond-buying program, scaling back economic aid and making plans for a post-pandemic future.
Any comments surrounding tapering, inflation and interest rates could impact the dollar and other currencies.
The pound is still weaker this morning ahead of the Bank of England’s monetary policy meeting, which will take place tomorrow. It’s now thought that interest rates won’t be hiked, despite this being the expectation previously.
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