S&P 500 and Nasdaq Traders Focused on FOMC Next Week, Dollar the One True Safe Haven

[MongiIG]

Despite the extraordinary volatility – and risk aversion move – that immediately followed the US CPI release, there was little follow through to be found this past session. While we can still navigate into significant activity for risk asset and Dollar-based majors through the immediate future, the market’s attention will be anchored on next week’s FOMC decision.