FOMC to deliver a 'wait-and-see' message – Danske Bank

Research Team at Danske Bank, suggests that of key events this week, we have the FOMC meeting on Wednesday and not least the Bank of Japan (BoJ) meeting on Friday.

Key Quotes

“In terms of the former, it will be a 'short meeting' in the sense that we will not get any revised projections. We expect the FOMC to deliver a 'wait-and-see' message and to express that more time is needed for evaluating the full economic effects of 'Brexit'. Having said this, US economic data has surprised strongly on the upside recently (economic surprise index at a multi-year high) and with equity markets holding up well, risks are skewed towards a slightly hawkish message and some USD strength.”