The US Federal Reserve's updated forecasts for its benchmark interest rate - due Thursday morning Singapore - are looming as a potential decider for a Treasuries market at risk of a third year of losses.
The two key questions are whether policymakers retain expectations for one more 25 basis-point rate hike by year-end, and how much easing they are pencilling in for 2024.
The Federal Open Markets Committee FOMC is also due to release its quarterly Summary of Economic Projections, which will include the "dot plot," or a glimpse into participating members' expectations regarding the future path of interest rates.
So how are stocks, bonds and the US dollar reacting ahead of the Fed's interest rate decision?
On Money in the Market, Hongbin Jeong speaks to Richard Bullock, Senior Research Analyst, Newton Investment Management, BNY Mellon Investment Management, to find out more.