Fed’s ‘black-out week’ before FOMC meeting – UOB

FXStreet (Guatemala) – Analysts at UOB Group explained that there will be no senior Fed official scheduled for any public speaking engagement this “black-out week” ahead of the 2016’s first FOMC meeting on 26-27 January.

Key Quotes:

“Instead, central bank action will be diverted to the other major central banks. The Bank of Canada will hold their monetary policy decision on Wednesday (20 Jan) but most of the attention will be on the European Central Bank’s (ECB) monetary policy decision on Thursday (21 Jan) even though the consensus view is that both banks are unlikely to change their current monetary stance.

Of interest may be Central Bank of Brazil (Banco Central do Brasil) which is expected to hike policy rates further by another 50bps to 14.75% on 20/21 January.”

Analysts at UOB Group explained that there will be no senior Fed official scheduled for any public speaking engagement this “black-out week” ahead of the 2016’s first FOMC meeting on 26-27 January.

(Market News Provided by FXstreet)