Published by Zeb BhamForeign exchange traders will have a slew of data to digest in the US trading session today (December 16th), finishing with the latest monthly interest rate decision from the Federal Open Markets Committee.Bloomberg predicts that the Fed may take the opportunity to raise its economic growth forecasts while simultaneously restating its pledge to keep interest rates at near-zero levels for a sustained period.Speaking to the news provider, Laurence Meyer, vice-chairman of Macroeconomic Advisers in Washington and a former Fed governor, said the committee will want to maintain its dovish stance above all else."They are going to increase their confidence about the sustainability of the expansion, but not become materially more optimistic about growth next year," he predicted.Other data due out later today includes consumer price index figures and housing starts figures for November, the results of the Bloomberg Global Confidence survey for December, as well as the latest gasoline inventories report.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site