Markets Await Fed Statement on Rates and Inflation Outlook
• FOMC meeting projections will impact markets - if projections differ from expectations, could cause volatility
• Inflation data released yesterday didn't move markets much
• Fed likely to remain cautious on rate hikes due to job market
• Dollar index in holding pattern ahead of FOMC statement and press conference
• Euro briefly rose against Pound but expected to drop again due to negative Eurozone sentiment