The Federal Open Market Committee (FOMC) will begin its two day policy meeting on Tuesday, September 20 and if the slew of recent soft economic data is any indication, the Central Bank is more than likely to desist from hiking rates just yet. The consensus on Wall Street is that there’s only a slim 12.00% chance of a September hike. If the Fed does indeed decide to hold interest rate steady at the current 0.50%, it will become the third major central bank after the ECB and the Bank of England to keep rates unchanged during their September meetings. With the prospect of a September hike looking remote, analysts now expect the Fed, under pressure from domestic savers, to raise rates in December.
All Eyes on Fed, Bank of Japan
Daily Analysis - 19/09/2016