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Fed interest rate decision showdown; 25bp hike? - RBS

FXStreet (Guatemala) - Analysts at RBS explained that the FOMC September decision is released tomorrow, and we forecast the FOMC will hike the target range for the Fed Funds rate by 25bp.

Key Quotes:

"Along with a hike, we anticipate the forecasts and language may be used to reinforce an extremely slow pace of tightening and a purely data-dependent outlook for the Fed Funds rate. A result in line with our expectations would support the USD, in our view – monetary policy divergence remains a theme, even as all central banks feel the global dovish pressure of softening EM growth."

"While the FOMC meeting understandably is the key event in the US tomorrow, August housing starts and the Philadelphia Fed index for September are released in the US tomorrow as well.

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