USD: Not Expecting FOMC Meeting To Carry A Clear Hawkish Or Dovish Bias – Citi

The FOMC holds its monthly policy meeting later on Wednesday. What bias can expect from the Fed?

Here is their view, courtesy of eFXdata:

Citi discusses its expectations for tomorrow’s FOMC policy meeting.

“CitiFX Strategy has published a preview, concluding that Wednesday’s April FOMC meeting is likely to be interesting,” Citi notes.

“We don’t expect a clear hawkish or dovish bias, or much specific new information about future Fed policies (additional easing or exit). A 5bp hike to IOER and RRP are likely,” Citi adds.

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