FOMC: Dot plot update to show monetary policy on hold in 2020 – Goldman Sachs
|The Goldman Sachs analysts are out with a sneak peek at what to expect from Wednesday FOMC monetary policy decision due to be announced at 1900 GMT.
Key Quotes:
“Base case is for the dot plot update to show monetary policy on hold in 2020. But then with a leg each side of the fence.:
There could be either a dovish or hawkish surprise
Hawkish if more FOMC participants project one rate hike in 2020 or two hikes in 2022.
Dovish if the median long-run dot declines from September's 2.5% level or participants see higher inflation as a prerequisite for the next rate hike
Beyond the December meeting, we see a high bar for policy moves in either direction.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.