Federal Open Market Committee meet Wednesday 30 October 2019
- announcement due at 1800GMT
Earlier previews here:
- Federal Reserve's FOMC policy meeting Wednesday - rate cut preview
- What's priced in for the FOMC and BOC
- Federal Reserve FOMC - rate cut on the agenda says Goldman Sachs
- FOMC and BOJ meetings - forecast range for USD/JPY
Via Société Générale, in brief:
- Fed... likely to cut
- A more favourable economic outlook, however, suggest two things: First, that recent rate cuts were offered only as an insurance policy and second, that the Fed is likely to pause on any further rate moves.
- We see any such pause as short lived.
- By spring 2020, economic evidence should, in our view, compel further rate cuts.
- Balance sheet details are also a key item.
