The Federal Open Market Committee meeting announcement is due 30 January 2019 at 1900GMT
- Fed Chair Powell news conference follows at 1930GMT
Earlier previews:
January FOMC meeting preview, what to expect and forex implications
MS on potential significant FX implications from the FOMC this week
Via Bank of America / Merrill Lynch, this In brief:
- Fed unlikely to signal an imminent end to its balance-sheet unwind
- May convey bias to keep hiking despite a data-dependent rate outlook
- Likely to deliver a message of patience
Powell press conference
- to signal FOMC flexibility
- to hint Fed likely to stay on hold in near term … to signal odds are for no hike in March
- But a move after still likely
Further out, BoA looking for:
- May and September hikes
