Little change in Fed pricing in the aftermath of the FOMC decision

<p>The kneejerk reaction in the FX market to the Fed decision was lower in the US dollar. That reflects tail risks that the Fed might have introduced more of a hawkish bias after strong Q3 growth numbers and stubbornly high employment.</p><p>Instead, the FOMC statement was generally left unchanged.</p><p>Pricing for the December decision remains at about 25% with the odds for January at 38%. By the end of next year, there are 75 basis points of cuts priced in. Those numbers are all unchanged from before the announcement.</p>

This article was written by Adam Button at www.forexlive.com.