Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Nov 06 - 05:00 PM
USD: Muted Market Reaction Likely To An Unchanged FOMC On Thursday - BofAML
First appeared on eFXplus on Nov 06 - 03:00 PM

 Bank of America Merrill Lynch Research discusses the USD outlook into this week's FOMC November policy meeting on Thursday. 

"Wexpect the FOMC to leave the Fed funds target rate unchanged at 2.00-2.25%, at the November meeting. We do not expect the meeting to be a major market event as there is neither a press conference nor a new set of summary economic projections scheduled. The policy statement should only have minor adjustments to reflect the latest economic data, highlighting the recent gradual pickup in wage growth and softening housing activity. 

Importantly, we do not expect the statement to address the recent volatility in financial markets as most Fed officials believe overall financial conditions remain broadly supportive for growth 

An unchanged Fed, as priced, combined with only subtle language changes suggests a generally muted idiosyncratic FX response on Thursday," 

BofA Merrill Lynch Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer