What's priced in for the FOMC
The FOMC decision is due at 1800 GMT (2 pm ET). There is no press conference or foreacsts for this meeting, just a statement which will guide markets on what's coming next.
For today's meeting, a negligible chance of a hike
Sept 26 meeting - 80.2% chance of a hike
For Nov 8 meeting - 5.4% chance of a second hike
For Dec 19 meeting - 62.3% chance of a second hike
For the end of the 2019
Two or more hikes 84.8%
Three or more hikes 53.5% chance
Four or more hikes 22.9% chance
Five or more hikes 6.3% chance
Looking more closely, it's fair to say that three hikes are fully priced in with a good chance of four but that's far from the six that the dot plot shows.
