FOMC to stay the course – Danske Bank
|Analysts at Danske Bank note that the FOMC decision is the main event risk for Wednesday, adding they expect the Fed to stand pat on its monetary policy settings.
Read: Federal Reserve Preview: Three reasons why Powell could pause, pummeling the dollar
Key quotes
“Today's main event is the FOMC meeting (announcement 20:00 CEST). It is one of the interim meetings without updated projections (including Fed dots). “
“We do not expect the Fed to send any new policy signals.“
“We expect the Fed to repeat that high inflation is mostly transitory and that the labour market recovery has further to go still. Fed Chair Powell's press conference begins at 20:30 CEST.”
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.