FOMC: All eyes on Chair Powell’s press conference – Deutsche Bank
The Macro Strategists at Deutsche Bank offer a brief preview of the US Federal Reserve (Fed) monetary policy decision due to be announced on Wednesday.
“As for the FOMC on Wednesday, our US economists write in their preview that the FOMC should hold rates steady, and that “the current stance is likely to be unchanged barring a “material reassessment to the outlook.”
However, they do foresee a 5bp upward technical adjustment to the interest rate on excess reserves (IOER), though they write that “it is a close call given the communication challenges of such a move.”
All eyes will be on Chair Powell’s press conference following the meeting for any new information. The full-day by day week ahead is at the end.”