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Sep 11 - 10:55 AM

USD: Fed Meeting Could Give The USD A Boost Next Week - Credit Agricole

By eFXdata  —  Sep 11 - 09:30 AM

Credit Agricole CIB Research discusses its expectations for next week's FOMC policy meeting. 

"At its meeting next week, the Fed may start incorporating aspects of its new average inflation targeting framework in its rhetoric, adopt a more dovish, outcome-based forward guidance and unveil its updated ‘dotplot’ that could signal no rate hikes through 2023, in our view," CACIB notes.

"That said, the September meeting could further highlight that Fed officials are in no real hurry to add fresh stimulus. This could keep risk-correlated assets on the defensive for now. To the extent that the Fed’s stance also triggers a renewed bear steepening of the UST yield curve, it could boost the USD more broadly as well,' CACIB adds. 

Source:
Crédit Agricole Research/Market Commentary

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