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Dec 15 - 10:55 AM

USD: FOMC Likely To Double Tapering Pace; A Lot Is Already In The Price But Still Room For USD Strength - TD

By eFXdata  —  Dec 15 - 10:00 AM

TD Research discusses its expectations for today's FOMC policy meeting.

"The taper pace will likely be doubled to $30bn per month, consistent with QE ending in March. Officials will likely also convey a more hawkish tone through the statement, the economic projections, and the dot plot. The median dot will probably show a 50bp increase in 2022," TD notes. 

"While a lot is in the price, as a practical matter, there is very little to offset USD firmness as other central bank decisions this week will pale in comparison to a hawkish Fed," TD adds. 

Source:
TD Bank Research/Market Commentary

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