FOMC dot points in focus - ANZ
|Analysts at ANZ explained that the FOMC dot points will be in focus tomorrow morning.
Key Quotes:
"Back in June, the median estimate of FOMC members was for one more 25bp hike this year and a further three in 2018."
"Will FOMC members maintain that or will they cut the forecast? If they keep the dot points as they are, a rate hike in December will become a central focus (currently 53% priced). A reduction would suggest less confidence in achieving the inflation target over the medium term. All asset markets would benefit on that and the USD would likely weaken."
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