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Dec 09 - 06:55 PM

USD: FOMC Won't Be Dovish Next Week But Much Of Their Hawkishness Is Now Priced In - Citi

By eFXdata  —  Dec 09 - 03:00 PM

Citi discusses its expectations for next week's FOMC December policy meeting.

"There are broad expectations that the December 15 FOMC meeting will see an acceleration of tapering from January, which would see purchases end as soon as March. The timeline is consistent with pricing in US swap markets in terms of rate hikes that could follow," Citi notes. 

"CitiFX says that the market reaction depends on the context – the Fed won't be dovish but we think much of their hawkishness is now priced in," Citi adds. 

Source:
Citi Research/Market Commentary

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