The Federal Open Market Committee announcement is due at 1900GMT on January 30
- Fed Chair Powell news conference follows at 1930GMT
Previews
(this in brief) via Barclays:
- The FOMC is widely expected to leave policy rates unchanged at its January meeting, in line with the more patient tone adopted in recent communications.
- In the statement, we expect the FOMC to downgrade its characterization of the data
and slightly to fine-tune forward guidance to align with its pledge of patience.
Westpac:
- Since December's meeting, the market's awareness of global and financial risks has clearly grown. And their confidence in the US real economy diminishes every day that the Federal Government keeps its doors shut.
- FOMC officials have focused on global risks to date. While these factors will remain front of mind, a more in-depth discussion of the shutdown's impact is anticipated.
- With many partial data prints unavailable, a March hike is clearly off the agenda. The market will therefore focus on what will and won't see the FOMC act from June on.
Earlier previews:
