In a preview of the FOMC policy meeting in the next week, TD Securities analysts They said they hope policymakers will notice they are “almost ready to cut back.”
Key quotes
“We expect a formal announcement in December, not November, but will reassess after the meeting. While the dot chart projections for 2022-23 are likely to remain unchanged, the math makes any changes more likely. make it up than down. Median inflation / growth projections for 2021 will have to be raised / cut. “
“While we believe that the exchange rate reaction should be contained, the balance of risks is leaning towards a more aggressive result, especially given the low bar to move the midpoint chart higher. From a risk / reward perspective, that favors a modest rise in the USD and a challenge for traditional funders. “
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
