The Federal Reserve members are planning on a rate hike in June shortly. Most of the members are looking forward for the Fed’s rate hike in June 13-14th if the economic data meets the expected results.

The Federal Open Market Committee (FOMC) has plans to reduce the $4.5 trillion balance sheet by purchasing the Treasury bonds and securities. The FOMC minutes revealed the plans of the central bank in order to trim the balance sheet.

All the policy members of the Fed Reserve expressed their interest for the June rate hikes. However, since Trump’s election in January, the markets have been highly volatile and with the new Trump-Russian impact, there may be uncertainty over the rates. From a trading standpoint, we expect USD to gain strength in the following days.

The information and views expressed herein are NoaFX’s opinion about the market and no responsibility (or liability) is accepted for any factual errors or trading decisions made by traders based on this opinion. The contributor might be involved in trading or hold some positions in the market and accepts no liability arising out of the above information.

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