The FOMC members agree on gradual normalisation of monetary policy. This indicates slow rise of bank rate need to be communicated clearly. Hence, the first rate cut is likely to take place in December.
The majority of FOMC members are seemed to be interested on rate rate hike "at the next meeting". The Fed's rate hike decision may make the USD speculators worried, but nothing new for the FX market. Whereas, the short squeeze EUR/USD is expected to climb above the 1.07 mark, foresees Commerzbank.
