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Danske Bank analysts suggest that today’s main event is the FOMC meeting tonight; however, the Fed has stated that it is on hold, so they are expecting it to keep the target range unchanged at 2.25-2.50%.

Key Quotes

“Moreover, we get the ISM manufacturing in the US and UK. We still expect US manufacturing to have peaked and to move slightly lower before stabilising (still above 50). Based on a weighted average of the regional PMIs, we expect numbers to come in at 55.0 (currently 55.3).”