The Federal Reserve Federal Open Market Committee meeting on Wednesday 26 September 2018

ForexLive has posted up some bank preview already:

This now via RBC, in brief:

widely expected to hike another 25 basis points

  • Powell's press conference ... we expect his comments to reflect growing upside risks to the economic backdrop
  • He is likely to throw shade on the notion that tariffs are a significant downside risk

summary of economic projections is likely to garner outsized attention

  • We will get the Fed's estimate for where they think Fed Funds should be in 2021 for the first time
  • there is unlikely to be any change to the 2018 and 2019 medians
  • we think the median increases to 3.6% in 2020 and that allows the Fed to show rates on hold in 2021 at that level