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Currency Analyst since 2010

FOMC: no changes to QE expected

The Fed’s 2-day meeting starts tomorrow. According to the consensus forecasts, the central bank will keep the size of its bond-buying stimulus unchanged at $85 billion per month.

UBS: “Everyone expects it to be dovish. In fact, there’s every likelihood that we’ll see the Fed communicate a willingness to delay before they taper. That would confirm market expectations and would probably lead to an extension of this USD weakness that we’ve been seeing over the last week or so.”

Barclays: “While the consensus forecast now looks for March 2014 tapering, their policy decision is ultimately data-dependent and incoming US data are worthy of close attention.”

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