FX Markets to Watch Odds of a Future Hike if Fed Holds Today -- Market Talk

1058 ET - The WSJ Dollar Index is flat ahead of a Fed decision that remains unusually uncertain. Goldman Sachs economists expect a hold with at least one dissent for a hike. War-driven energy price volatility clouds the outlook, they say in a note. Markets are pricing about one-in-three odds of a hike today. Goldman says the key question for FX if the Fed holds is how much of the hike pricing is redistributed to upcoming meetings. CME data shows investors already pricing a hike in September. The dollar weakens slightly against the euro and the yen. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

July 29, 2026 10:58 ET (14:58 GMT)