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Lee Sue Ann, Economist at UOB Group, sees the Federal Reserve keeping the status quo at its event later this week.

Key Quotes

“This meeting will be accompanied by a press conference and importantly, an updated Summary of Economic Projections.”

“Our base case remains for the Fed to stay on hold for most of 2021, at least, and the taper discussion will only start in later 2021/early 2022 unless the Fed indicates a clear change in its policy stance.”

“We continue to hold the view that the Fed will keep policy rates at the current 0.0-0.25% region at least until 2023.”