The Federal Open Market Committee meet Wednesday 26 September 2018
For previews, check these out:
- RBC say the SEP likely to garner outsized attention
- 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.
And, here is Nomura (in brief):
it would be a significant surprise if the FOMC did not raise interest rates
- economy has remained strong, supported by substantial fiscal stimulus
- Recent FOMC minutes and participant comments all point to another step in removing accommodative policy
On policy rate expectations in Summary of Economic Projections, we do not expect any changes to the FOMC's median policy rate forecasts at the September meeting for 2018- 20.
- will likely continue to forecast a total of four hikes in 2018
- three hikes in 2019
- and one hike in 2020
However, the September Summary of Economic Projections (SEP) will be extended by one year, through 2021
- We expect the Committee's median rate forecast for 2021 to remain at 3.375%, unchanged from the median forecast for 2020.
