Are we there yet?
The two day meeting is currently underway and culminates with tonight's Federal Funds rate and FOMC statement at 18:00 GMT.
Obviously being the event that it is, there are a few FOMC previews already on the ForexLive blog:
- Here's Eamonn's FOMC preview from today with thoughts from Barclays
- An earlier FOMC preview with thoughts from RBC
Further musings:
- Solid US growth is likely to keep the Federal Reserve on track for another two rate hikes in 2018.
- The tariff tit for tat between Trump and China doesn't look like it warrants a material shift in outlook.
- 50 basis points in 2018?
- 100 basis points in 2019?
There are however three pieces of high impact USD data first:
- ADP Non-Farm Employment Change
- ISM Manufacturing PMI
- Crude Oil Inventories
Let's get on with it!
