FOMC could sound hawkish today – BBH

By FXStreet FXStreet (Edinburgh) – The research team at BBH expects the Committee’s statement to lean towards the hawkish side in case of a no-hike.

Key Quotes

“If the Fed does not hike rates today, Yellen‘s press conference may take on a somewhat more hawkish bent”.

“The door to a hike this year will be kept wide open. We have argued that the Fed ought to have a press conference after every meeting, like the ECB and BOJ”.

“This would avoid the operational challenge to calling an impromptu press conference to explain a rate hike, such as in October”.

“There is a small chance that Yellen pre-announces a press conference for next month’s meeting. That would also send the message that a hike foregone today may still be delivered shortly”.
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Source:: FX Street