FOMC: Not this time either - BNPP

Research Team at BNP Paribas, suggests that the Fed is expected to leave its monetary policy unchanged again.

Key Quotes

“After a few days of severe turmoil, the financial markets have levelled off, resulting in an easing of US monetary and financial conditions.

After the rebound in oil prices came to a halt, inflation prospects have been pulled downward, albeit mildly.

Once again, US cyclical trends – as well as the Fed’s analysis – are closely linked to job market trends.”