FOMC: Worrying signal if Fed backs off from ‘two hikes this year’ message - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that today’s Fed meeting is still important even if it isn’t “live” in that it carries the updated economic projections and the ‘dot plot’.

Key Quotes

“We get to see how many rate rises the Fed believes it can still push ahead with against the present backdrop. Arguably if the Fed backs off from its ‘two hikes this year’ message it will send a worrying signal; and if it shows it will press ahead, so does that!”