Nordea Markets analysis team is expecting that in the upcoming March FOMC meeting, rates should be kept unchanged, while Chair Powell is likely to stick to “patience”. Key Quotes “We expect the dot plot to migrate lower, but still with one hike later this year. QT details could be announced at the March meeting.” “Based on recent speeches, we believe that at least half of the dots will have migrated lower, reflecting FOMC members’ reduced inclination to hike rates, with the median down to one hike this year (from two in December) and another hike in 2020 (unchanged from December).” “Market sentiment has brightened and the FOMC may decide to keep the announcement about the details of the end of quantitative tightening (QT) for a rainy day, but some details could also be announced as early as next week.” “Our baseline continues to be a QT tapering starting in Q3 and QT ending in Q4, with excess reserves around USD 1,000bn. It will be market-negative if the Fed announces that excess reserves will continue to drop after the end of QT.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD surrenders modest intraday recovery gains, back below mid-1.3200s FX Street 4 years Nordea Markets analysis team is expecting that in the upcoming March FOMC meeting, rates should be kept unchanged, while Chair Powell is likely to stick to "patience". Key Quotes "We expect the dot plot to migrate lower, but still with one hike later this year. QT details could be announced at the March meeting." "Based on recent speeches, we believe that at least half of the dots will have migrated lower, reflecting FOMC members' reduced inclination to hike rates, with the median down… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
