Investors looking for the Fed stance on monetary policy - NAB

Dhwani Mehta FXStreet

The National Bank of Australia (NAB) analysts present a brief preview of the FOMC monetary policy decision due to be announced today at 1800GMT.

Key Quotes:

“A rate hike in December is largely priced into markets. However, investors are looking for the Fed stance on monetary policy: in particular, the inflation outlook and how the Federal Reserve wishes to respond.

In other words, whether they are likely to adopt a 'wait and see' mode, or get ahead of the curve. The latter will, of course, be negative for gold."

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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