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Oct 28 - 05:00 PM
USD: Fed To Cut; CAD: BoC On Hold This Week - TD
First appeared on eFXplus on Oct 28 - 03:30 PM

TD Research discusses its expectations for this week's FOMC and BoC policy meetings.

"We expect the Fed to lower rates by 25bp again this week, delivering the third consecutive rate cut since July. The FOMC is likely to communicate patience in deciding future policy moves after next week's cut as they assess the impact of the three cuts they have already delivered. We look for the Fed to temporarily pause before resuming rate cuts in Q1 2020," TD notes. 

"The BoC is widely expected to leave rates unchanged and we look for similar messaging in the policy statement. This will put the focus on the Bank's forecasts where downgrades to the 2020 outlook could provide a catalyst for rate cuts," TD adds. 

TD Bank Research/Market Commentary


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