Marshall Gittler’s Market Outlook: USD weakens after “dot plot” shows no change for 2018; Bank of England rate decision

The long-awaited Fed meeting came and went with no change in the median dot for this year and only a 19 bps increase – less than an entire 25 bps rate hike – in the forecast for end-2019. That was more than compensated for by a 31 bps increase in…