The central bank concluded this month’s FOMC meeting earlier today, alluding to the potential that rate hikes or “lift off” could still begin in December 2015.

Conventionally, people would say: “The dollar is steady before the Fed statement Wednesday afternoon.” We would say: “The dollar, like other markets – with a few exceptions – has no idea what it’s doing.”

The Federal Open Market Committee begins its latest meeting tomorrow. Although some jitters are rippling mildly through markets, there is not much to worry about regarding an immediate rise in U.S. interest rates.