The Federal Reserve Federal Open Market Committee meeting on Wednesday 26 September 2018
ForexLive has posted up some bank preview already:
- Barclays on the Federal Reserve Federal Open Market Committee meeting
- Morgan Stanley: FOMC meeting
- Goldman Sachs FOMC preview
- TD Securities is out with an FOMC preview.
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