Everyone and his momma seem to be anticipating a September Fed rate hike! But what if the Fed plays this off as a one-time tightening move? Our Event Guide for the FOMC Statement points out that Warsh and a few other policymakers might be keen on downplaying future rate hikes, citing uncertainty around inflation. Here's what I'm watching on NZD/USD and USD/CHF in a dovish FOMC scenario.