Federal Open Market Committee January 2018 meeting
- The meeting will not issue a Summary of Economic Projections, not will there be a following press conference by the Chair
A real quick take preview from TD
- The January FOMC statement should emphasize continuity, with no significant changes.
- That would support a market already 95% priced for a March hike.
- A risk to our base case would be the 2018 voters shifting the balance of risks in a more positive, hawkish direction.
- That could force the market to raise expectations for the number of hikes this year (currently around 2.5).
(bolding mine)
The ball has already been rolling with FOMC previews - ICYMIthem:
- Federal Reserve: The FOMC meet next week, preview
- FOMC meet next week - with new voters. Who's in, who's out. The hawks, the doves
- Six things to note about the Fed's meeting this week
- The Fed will take a 'slightly hawkish' turn this week - Goldman Sachs
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