The FOMC resumed its meeting today and will announce its policy decision at 18:00 GMT. That will be followed shortly by Chair Powell’s opening remarks and then the press conference at 18:30 GMT. A 75 bp hike to a 3.875% mid-point remains baked in the cake and Powell will indicate whether further increases are still needed. The big uncertainties are the trajectory of rate hikes from here, as well as the terminal rate. It would make sense for the FOMC and Chair Powell to play it close to the vest and say little and not paint himself into a corner and prevent market whipsaws, and a potential loss of credibility. Time will tell.
Click here to access our Economic Calendar
Head Market Analyst
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.