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Thomson Reuters
Apr 30 - 05:00 PM
USD: Scope For Limited Market Reaction To Tomorrow's FOMC - SEB
First appeared on eFXplus on Apr 30 - 02:45 PM

SEB Research discusses its expectations for the FOMC policy meeting on Wednesday.

"The market focus lies on the wording of the statement as the Fed is expected to leave the Fed funds rate unchanged and no revised forecasts will be presented.

We do not expect the wording to change considerably in either any direction as easing downside risks to near term economic activity are compensated for with concerns over low core inflation," SEB projects.. 

"Thus, the scope for short-term market reactions should be limited," SEB adds. 

Source:
SEB Research/Market Commentary

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