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FOMC to change language already? - RBS

FXStreet (Guatemala) - Markets are gearing up for a change in language from the Fed, but RBS analysts are not so convinced.

Key Quotes:

“The FOMC is in the process of updating its forward guidance language on the Fed Funds rate, one that will likely reflect a more overtly data-dependent path of the Fed Funds rate. But will these changes be rolled out this week?”.

“Our strategy base case is that the Fed will wait until the official conclusion of the QE taper in October before changing guidance language more decisively in December”.

“If so, Wednesday's FOMC statement and forecasts may look surprisingly similar to those published in July and June, respectively”.

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