Fed Preview: Beyond the dovish hike: more rate rises, QT

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Summary

Despite a marked slowdown in the US economy, the Fed is on course to raise rates. Will they surprise us by not hiking? That is a remote scenario. Assuming a hike, the focus will be on the next moves as reflected in the dot-plot, the statement and Yellen's press conference. The Fed's $4.5 trillion balance sheet is also coming to the forefront with potential news about its reduction. Where will the dollar land after the event?

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