Lee Sue Ann, Economist at UOB Group gave her views on the upcoming Fed event.
Key Quotes
“The FOMC cut its policy Fed Funds Target Rate (FFTR) by 25bps to a range of 1.50-1.75% at the October meeting. The minutes helped reinforced expectations for a Fed policy cycle pause in December after three sequential 25bps rate cuts in July, September and October. We expect the Fed to implement the next 25bps rate cut in 1Q20, and thereafter to stay on pause again for the rest of 2020″.
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