According to CoinMeta, institutional analysis indicates that it is almost certain that the Federal Reserve will remain inactive, and the trend of the US dollar will depend entirely on the tone of its statement. With the US dollar trend remaining stable, investors are focusing on the Fed's interest rate decision on Wednesday. CoinMeta data shows that the market pricing for the Fed to maintain current interest rates is at 90%, but investors will be looking for any signals of possible future rate hikes. Analysts at Monex Europe stated in their report that since the option of inaction has been almost fully priced into the market, the reaction in the foreign exchange market will depend on the tone of the Fed's statement. The Fed may retain the possibility of a rate hike in December but will not provide formal guidance. If Fed Chairman Powell suggests that rising yields are sufficient to tighten financial conditions, then the pricing for a December rate hike could reverse, potentially weakening the US dollar.