FOMC meeting: Dot gazing – ANZ

Sandeep Kanihama FXStreet Contributor

Analysts at ANZ suggest that the FOMC dot points will be in focus today as back in June, the median estimate of FOMC members was for one more 25bp hike this year and a further three in 2018.

Key Quotes

“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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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