The FOMC began its policy meeting yesterday and will announce its decision at 18:00 GMT Wednesday. A 75 bp hike is widely expected. Chair Powell will follow 30 minutes later with his press conference. The focus will be on Powell for guidance. Expectations are for him to reiterate the Fed’s “strong commitment” to the 2% inflation target and to indicate further rate hikes are likely to be appropriate, but without giving any insight on the size. The markets are betting on a 50 bp increase in September given the signs of softening in growth and inflation.

[embedded content]

Click here to access our Economic Calendar

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.