The FOMC minutes (Wed) will continue to allude to diverging views within the committee and is unlikely inspire much upside in US rates or the USD this week, according to analysts at ING.
“Nonetheless, we expect the markets’ Fed-obsession to come to a halt in 2018 as monetary policy re-pricing opportunities look to be greater elsewhere. The Thanksgiving holiday means that Congress will be in recess this week, which means any progress with passing the Tax Cuts and Jobs Act (TCJA) will be on halt for now.”
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