Banks predict that the Fed will pause, but give a hint of raising interest rates in the future as the FOMC meeting approaches.
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The US Federal Reserve will announce its monetary policy decision on Wednesday, June 14 at 18:00 GMT and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of nine major banks.
Markets expect rates to be kept steady after several Fed officials highlighted a skip. Forward guidance will be key.
The FOMC appears likely to ‘skip’ hiking the Fed Funds rate at its June 14 meeting, but still signal that further hikes remain possible if not likely at subsequent meetings. The hawks probably need higher-than-expected CPI data on June 13 to shift the vote in favor of a June hike. If the FOMC does pause this month, we see a meaningful chance it will hike 25 bps in July.
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