The Federal Open Market Committee (FOMC) meet this week, statement due September 21. Earlier:
- Another 75bps hike on Wed; Risk of USD stronger for longer - BofA
- Fed could raise rates until they force unemployment higher - WSJ
This via ING:
- We expect a 3rd consecutive 75bp hike.
- High inflation means 100bp is a risk, but inflation expectations and corporate price plans look less threatening and the growth outlook is more uncertain so we don’t see it.