Fed rate hike deadlinesThe US dollar might face downward pressure if the Federal Reserve opts to keep interest rates unchanged during its ongoing meeting, as suggested by TD Securities. Market participants currently appear to be overestimating the likelihood of a rate hike under Federal Reserve Chair Kevin Warsh’s leadership. Previous instances where the Fed held rates steady but used hawkish language have been linked to USD strength, particularly when future rate increases were hinted at. AdvertisementKey TakeawaysMarkets appear to be mispricing the risk of a rate hike, as per TD Securities’ analysis, which suggests a weaker dollar if rates remain steady. Current pricing suggests a 22.2% chance of a rate hike at the July 28-29 meeting, down from 26% just 24 hours ago.