Fed: No fireworks expected today – Danske Bank

Today's key event is the FOMC meeting tonight in the US and analysts at Danske Bank expect the Fed to maintain the Fed funds target range in line with consensus and market pricing.

Key Quotes

“All eyes will be on the statements as there are no updated projections and no press conference. We also expect the Fed to wait until the big September meeting to make an announcement on 'quantitative tightening', despite many FOMC members thinking they should get going 'relatively soon'.”