FOMC: 55/45% no change - Societe Generale


FXStreet (Guatemala) - Kit Juckes, macro economist at Societe Generale noted the FOMC forthcoming and likelihood of a no change outcome.

Key Quotes:

"The most recent FOMC survey shows 55% looking for no change and 45% looking for a hike, but that probably understates the shift in opinion, as those looking for ‘no change’ are more convinced of their case than those expecting a hike."

"That would not be a surprise given the long wait for a move and is consistent with the contrast between surveys and market pricing."

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.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD bounces from 1.2060 area ahead of Fed

EUR/USD has pared its decline after ECB member Knot said that the bank may counter euro appreciation and sent it down to 1.2057. US Durables Goods Orders rose a modest 0.2%, fueling the dismal mood. Eyes now on Fed’s announcement.

EUR/USD News

GBP/USD pierces 1.3700 on run to safety

GBP/USD is trading below 1.37, off the recent multi-year high. The UK's vaccine campaign continues at full speed, but it is unclear if the lockdown will be easing. Demand for the greenback weighs ahead of Fed.

GBP/USD News

Gamestop (GME): Why is it moving everything else?

Gamestop (GME) is the phenomenon of 2021 so far. The move in Gamestop may have far-reaching consequences for the future operation of the stock market. The retail investor can no longer be ignored. 

Read more

XRP price primed to retrace below $0.20 as Ripple faces a new lawsuit

XRP is having a rough 2021. Ripple got sued by the SEC and now, the platform has been targeted again by another lawsuit, this time from Florida for the same reason. XRP is down more than 60% since its peak in 2020 at $0.78. 

Read more

US Dollar Index: Awaits Federal Reserve to break the monotony above 90.00

US dollar index (DXY) extends recovery moves while picking up the bids to 90.22 during early Wednesday. The greenback gauge stepped back from a downward sloping trend line from November 02 the previous day.

US Dollar Index News

Forex MAJORS

Cryptocurrencies

Signatures