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HSBC analysis team, suggests that the FOMC is expected to maintain the current target range for the federal funds rate in the March meeting.

Key Quotes

“The Fed’s narrative on interest rates has been clear since the dovish pivot at the January FOMC meeting: monetary policy is currently in a good place, and the FOMC will remain patient in assessing the need for any further adjustments to the policy stance. The March FOMC meeting is therefore likely to reinforce this.”

“The Summary of Economic Projections will be released at the same time and the median “dots” could show that further rate hikes are likely, although less so than in December.”