Markets are expecting a 75-bps rate hike at the September Fed meeting, although a 100-bps rate hike isn’t out of the question. Good days for the US Dollar have been consistently met with weakness in US stocks, gold prices, and oil prices.
Live coverage of the September Fed meeting begins on Wednesday, September 21 at 13:45 EDT/17:45 GMT.
US inflation rates may be moderating, but not nearly quick enough for the Federal Reserve to slowdown its rate hike cycle just yet. In fact, after the release of the August US inflation report last week, rates markets began discounting a 100-bps rate hike at the September Fed meeting tomorrow.
Moreover, the September Fed meeting has elevated stakes insofar as it will be the first time since June that the FOMC has released a new Summary of Economic Projections . Financial markets will need to contend with the rate decision itself, new economic forecasts, and Fed Chair Jerome Powell’s press conference. This means that the initial moves seen may not ultimately be the lasting move across assets.
How will global financial markets respond to the September Federal Reserve rate decision? Chief Strategist John Kicklighter and Senior Strategist Christopher Vecchio, CFA discuss in this Tuesday’s DailyFX Analyst Chat.
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