A preview of the upcoming Federal Open Market Committee meeting on September 26

  • Will hike at the Sep meeting
  • And will signal December intention through updates to its 2018 dot plot, revised forward guidance
  • Will take out or change the accommodative language from statement
  • Will signal solid consensus on four hikes this year
  • On risk - will say they remain balanced (upside risks from easy financial conditions countered by downside risks from overseas developments and trade policy)

MS comments via Bloomberg