Fed, BOJ in the Spotlight but No Fireworks Expected

Central banks will be in focus this week, with monetary policy decisions due from the Bank of Japan (BOJ) and the U.S. Federal Reserve.
Since raising interest rates in December 2015, sending stock markets into a frenetic sell-off in January, the Fed has maintained its narrative that any forthcoming rate hikes will be data-dependent.

Many market watchers do not think a hike is on the cards when the Federal Open Market Committee meets on March 15-16, but they will be looking for clues on the Fed’s future policy outlook.

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.