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Staines: How to trade the Fed's rate decision
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Markets are eagerly awaiting an announcement from the US Federal Reserve on interest rates. A 25 basis point hike is anticipated. But what if the Fed surprises by doing nothing? What if any rate hike is even lower than expected?
Neil Staines, Head of Trading at the ECU Group in London, tells us what to watch out for. Although he's fully expecting a rise of 0.25%, recent disappointing economic news could mean traders are taken by surprise and he gives some suggestions as to how you could be positioning yourself ahead of the news.