Federal Open Market Committee June 2019 monetary policy decision will be published at 1800 GMT on June 19

A quickie via Morgan Stanley:

  • Dovish FOMC may focus on falling inflation expectations - In light of rapidly falling inflation expectations, the Fed is likely to keep the door to a summer rate cut open.
  • US retail sales strength encourages investors to talk about a mid-cycle rate cut, which would be risk-positive.

Also, Sg quickie:

  • For the June FOMC meeting, no rate cut is expected.
  • Signals offered via the updated Summary of Economic Projections (SEP), the FOMC statement and Chairman Powell's press conference will be closely watched. Our view is the Fed is on hold in 2019 but ready cut when the economy weakens below trend in 2020.