The Federal Open Market Committee (FOMC) meet on the 30th and 31st:
statement due at 1400 US Eastern time (1800 GMT)Federal Reserve Chair Powell’s press conference follows a half hour later
Deutsche Bank expect nothing at this week’s meeting:
first 25 basis point cut in Septemberfollowed by a 25 bp cut in November and then another 25 bp cut in Decemberthen a pause until September 2025
Bank of America say so, “We think the markets are back to being overly optimistic about the upcoming rate cycle”
Bank of America says strong economic growth in the US means the FOMC ‘can afford to wait’
Earlier:
Morgan Stanley says this week’s FOMC statement will lay foundation for 3 cuts this yearUBS says a Federal Reserve policy pivot is “on the horizon”Timiraos: Fed cut unlikely on Wednesday but officials wary of waiting too long
This article was written by Eamonn Sheridan at www.forexlive.com.
