FOMC: All eyes on Chair Powell’s press conference – Deutsche Bank

Dhwani Mehta FXStreet

The Macro Strategists at Deutsche Bank offer a brief preview of the US Federal Reserve (Fed) monetary policy decision due to be announced on Wednesday.

Key Quotes:

“As for the FOMC on Wednesday, our US economists write in their preview that the FOMC should hold rates steady, and that “the current stance is likely to be unchanged barring a “material reassessment to the outlook.”

However, they do foresee a 5bp upward technical adjustment to the interest rate on excess reserves (IOER), though they write that “it is a close call given the communication challenges of such a move.”

All eyes will be on Chair Powell’s press conference following the meeting for any new information. The full-day by day week ahead is at the end.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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