Watchful eyes on "that Federal Reserve person" this week ...Middle East

But essentially, it does sum up the situation as we look towards the FOMC meeting this week. The Fed, staying as independent as they are, will most certainly keep interest rates unchanged.

As things stand, markets are not pricing in a rate cut whatsoever for this week. The odds of any change to rates are at ~2% currently.

"NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!"

When he does, that will just bring us back on the merry-go-round once again.

This article was written by Justin Low at www.forexlive.com.

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