Client note being published by our good friends at
efxnews.com
Expectations leading into the FOMC and RBNZ later today
Say CA:
Even if
inflation expectations close to multiyear lows suggest that a more
cautious stance may be on the cards, we believe that the main focus will
remain on still constructive growth prospects. As such the Fed may
reiterate that weak inflation is regarded to be transitory. If anything
it may prove difficult to exceed already dovish expectations as only one
25bp hike is priced in for the reminder of the year.