FXStreet (Edinburgh) – Senior Analyst at Danske Bank Morten Helt assesses today’s FOMC meeting probable outcome.
Key Quotes
“The main event will be the FOMC meeting tonight”.
“There will be no press conference following today’s announcement. Instead, focus will be on the statement released in connection with the announcement”.
“We expect the Fed’s rhetoric to turn more hawkish, which will keep our long-held call for a September hike alive”.
“In particular, we expect the Fed to signal stronger confidence about the outlook for the US economy”.
“The main risk to our call for a September rate hike have been the so-called international developments and it will be interesting to see how the FOMC relates to the recent turmoil on the Chinese equity market”.
(Market News Provided by FXstreet)