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Oct 27 - 10:55 AM

USD: The Outlook Has Not Changed Much; FOMC To Hike 75bps Next Week - BofA

By eFXdata  —  Oct 27 - 10:00 AM

Bank of America Global Research discusses its expectations for the Fed November policy meeting on next Wednesday.

"The outlook has not changed much. Growth has slowed, but price pressures remain firm and the labor market is out of balance...We look for a 75bp rate hike," BofA notes. 

"Communicating that the discussion took place should be enough to open the door for a step down to a 50bp rate hike in December, as we currently expect. That said, we expect Chair Powell to say that no decision was taken and the committee remains data dependent," BofA adds. 

Source:
BofA Global Research

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