Danske Bank analysts are expecting the US Fed to cut by 25bp at each of the next five meetings taking the target range to 0.75-1.00% at the March meeting.
“We do not anticipate the Fed will pre-commit to more easing but that it will stick to its current ad hoc approach. If the Fed really wants to reflate the economy and markets, it may need to commit more to easing and/or cut more and faster eventually.”
“We have a very light data calendar today in terms of economic data releases. Hence focus will be on central bank signals and political signals.”
“In the US, University of Michigan's survey of consumer confidence will be in focus in particular after yesterday's strong retail sales number. The US consumer is one of the key forces holding up US growth amid weak investment growth.”
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.