The Federal Open Market Committee (FOMC) meets on the 30th and 31st:
- Statement due at 1400 ET (1800 GMT)
- Fed Chair Powell’s press conference is in half an hour.
Deutsche Bank expects nothing at this week’s meeting:
- First 25bp cut in September
- This was followed by a 25 basis point cut in November.
- Then another 25 basis point cut in December.
- Then it stopped until September 2025.
“We believe markets have returned to being overly optimistic about the next interest rate cycle,” Bank of America says.
- Bank of America says strong US economic growth means FOMC ‘can afford to wait’
previously:
- Morgan Stanley says FOMC statement this week will lay the groundwork for three cuts this year
- Fed policy shift ‘on the horizon’, says UBS
- Timoraus: Fed rate cut unlikely on Wednesday but officials wary of waiting much longer
This article was written by Eamonn Sheridan on www.forexlive.com.
