In view of analysts at TD Securities, the January FOMC meeting is the main event, wherein rates are widely expected to be unchanged.
Key Quotes
“Attention will be given to any changes to forward guidance, in particular the Fed’s guidance over “some further gradual increases”. This will also be Powell’s first press conference at a non-SEP meeting, commencing at 19:30 GMT.”
“Prior to the rate decision, January ADP employment is released and expected to pullback to 181k following a blockbuster 271k print in December. Pending home sales are expected to rebound 0.5% in December, reinforcing a recovery in existing home sales in early 2019.”
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