USD: No Surprises From The FOMC On Wed – Nomura

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The Fed has many reasons to raise rates in December and to hint about it now. Here is the preview from the team at Nomura:

Here is their view, courtesy of eFXnews:

Nomura Research expects no significant changes or surprises in the FOMC statement on 1 November.

“Despite the recent and continued weakness in inflation, it is unlikely that the FOMC will announce a material change in its inflation outlook. Instead, we think the Committee would prefer to wait for an addition inflation print ahead of the December meeting before changing its inflation assessment.

That said, the FOMC might tweak the language on the impact from the recent hurricanes on inflation given the muted impact on non-energy prices in the September CPI report.

On monetary policy, the FOMC will likely state that the Federal Reserve will continue the balance sheet normalization program, as outlined in Addendum to the Policy Normalization Principles and Plans, published in June 2017,” Nomura argues.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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