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What To Expect From FOMC? - Views From 20 Major Banks
The following are the expectations for today's FOMC July decision as provided by the economists at 20 major banks along with some thoughts on the USD into the event as provided by the FX strategists at these banks. Goldman: We don't expect additional language intended to prepare for rate hikes in the statement. We expect the statement to drop its prior reference to stable oil prices, but to leave other comments about inflation unchanged. We still see December as most likely lift off date. Citi: We see hawkish risks on the Fed and with investors consolidating positioning at present, It could spur another leg higher in ... (full story)
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