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All eyes on Fed meeting tonight - Danske

FXStreet (Łódź) - The Danske team of analysts expect the Fed to finalize QE3 at the monetary policy meeting later today.

Key quotes

"Given the recent market turmoil, the Fed is likely to reiterate the 'considerable time' forward guidance and the 'significant underutilisation' description of the labour market."

"We expect the Fed to end asset purchases as has been signalled by several members recently and we only see 30-40% likelihood of the Fed mentioning the possibility of QE4."

"We have changed our Fed first hike forecast from April to June next year due to the lower inflation outlook and slower growth outside US."

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