FXStreet (Edinburgh) – Strategist at Societe Generale Kit Juckes expects the Fed to reiterate its neutral stance.
Key Quotes
“All eyes are going to be on the FOMC on Wednesday, which is likely to be neutral in keeping with the Fed’s intention to be data-dependant and the Q2 GDP data on Thursday, which SG economists forecast to post a solid 3.3% increase”.
“That should keep the Fed on track for a September rate hike, though sub-$50 oil and Chinese market turmoil will continue to muddy the waters”.
(Market News Provided by FXstreet)