Bannockburn analyst: For the dollar, Fed officials' comments and forecasts may be more important than interest rate decisions

 Bannockburn analyst Marc Chandler wrote that for the market, comments and forecasts from Federal Reserve officials may be more important than their interest rate decisions. The central bank is expected to keep rates unchanged and update its economic forecasts. Chandler said Federal Reserve Chairman Powell may be asked about the impact of tariffs on the economy, but he "may reiterate his recent assessment that the economy is in a position that allows the central bank to remain patient." In addition, Chandler attributed the strength of the dollar today to short covering.