Federal Reserve FOMC meeting does have a risk says Barlcays:

  • While a 25bp Fed rate hike is widely expected, Fed communication and projections could still move markets.
  • The median forecast of three rate hikes in 2018 will likely remain unchanged, given increased global uncertainty, but the risk that it moves higher, to show four hikes, is high, as it would require only one participant to move his or her dot.
  • This may be perceived as modestly hawkish, benefiting the USD somewhat.