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Jun 13 - 09:55 AM

USD: June FOMC: Hawkish Fed, Bullish USD But Caution On The Day - Citi

By eFXdata  —  Jun 13 - 09:25 AM

Citi discusses its expectations for this week's June FOMC policy meeting on Wednesday.

"OIS markets are pricing in 54 bps of hikes in the FOMC decision ahead, and 252bps of hikes by the end of the year," Citi notes.

"CitiFX Strategy gives their playbook in June FOMC Playbook: hawkish Fed, bullish USD but caution on the day We expect the Fed to amplify its hawkish stance at the 15 June FOMC meeting by sharply raising median dots by more than the rise in inflation.

"Even though we don’t expect the Fed to endorse or signal a 75bp hike, we expect new language to reinforce that the pace of tightening will be increased if needed," Citi adds. 

Source:
Citi Research/Market Commentary

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