The Fed is seen sticking to its accommodative stance – UOB

Pablo Piovano FXStreet

Economist at UOB Group Lee Sue Ann comments on the upcoming FOMC event (Wednesday).

Key Takeaways

“The “talk about the talk” about QE tapering and updated dot plot during the June FOMC could set in motion for taper discussion.”

“We expect the Fed to keep its current policy stance unchanged in the July FOMC and the Jackson Hole Symposium (26 August) could see the first hint of taper and we expect first taper to be done in December 2021.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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